Rowland Marcus Andrade, founder of AML Bitcoin, was sentenced to seven years in federal prison for wire fraud and money laundering after defrauding investors of $10 million. Andrade made false claims about the token’s technology and business deals, including a fake agreement with the Panama Canal Authority. He misused over $2 million for personal expenses such as luxury cars and real estate. A forfeiture hearing for victim restitution is set for September 16. Andrade’s sentence begins October 31, followed by three years of supervised release. The case also implicated lobbyist Jack Abramoff, who faced penalties for promoting AML Bitcoin.
Ever since the Fed's rates were slashed below 5% back in October 2024, they have…
Bitcoin (BTC) price has gradually lost its initial July bullish momentum during the past three…
Solana (SOL) is navigating a pivotal market phase as it hovers near a critical resistance…
The Federal Reserve has decided to keep its key interest rate steady at around 4.25%-4.5%,…
Litecoin (LTC) price has shown renewed momentum in recent sessions, staging a steady upward move…
Pump.fun’s native token, PUMP coin, is currently trading near $0.0026, following a volatile post-ICO phase.…
