AML Bitcoin Founder Sentenced to Seven Years for Fraud and Money Laundering

According to BlockBeats, Rowland Marcus Andrade, the founder of AML Bitcoin and CEO of NAC Foundation, has been sentenced to 84 months in prison by a U.S. federal court. Andrade was found guilty of wire fraud and money laundering related to the cryptocurrency AML Bitcoin. The court determined that between 2014 and 2019, Andrade misled investors by falsely promoting the technology, commercial potential, and launch timeline of AML Bitcoin, raising approximately $10 million. Of this amount, over $2 million was used for personal expenses, including real estate and luxury cars. A hearing regarding victim compensation and asset forfeiture is scheduled for September 16, 2025.