AML Bitcoin founder convicted of fraud could face decades in prison
On March 13, a 12-member jury in San Francisco federal court found Marcus Rowland Andrade, the founder of Anti-Money Laundering Bitcoin (AML Bitcoin), guilty of federal wire fraud and money laundering in 2017 and facing decades in prison. Andrade is a Texas businessperson who worked with well-known lobbyist Jack Abramoff to promote AML Bitcoin as a "safe and secure" payment system.