🚨 The anti-money laundering Bitcoin creator was convicted of wire fraud and money laundering.

With Rowland Marcus Andrade, the brain behind AML Bitcoin, convicted of wire fraud and money laundering, a storm hit the cryptocurrency waters. The verdict comes after a five-week trial that revealed many false claims about the supposedly revolutionary cryptocurrency. Andrade boasted of a partnership that never existed, particularly with the Panama Canal Authority's cryptocurrency exchange. Spoiler warning: The deal is as real as a unicorn.
When investors think they're hopping on the futuristic Financial Express, they're actually pushing Andrade's extravagant journey — two luxury cars and properties in Texas, to be exact. More than $2 million for the development of AML Bitcoin was transferred directly to his personal bank account. Remember, guys, always do your part.
All eyes are on the sentencing day in July 2025, when Andrade could face up to 30 years in prison. Law enforcement officials, including the FBI and IRS, have made it clear that they will not let fraudulent antics tarnish the cryptocurrency landscape.
Stay tuned for more updates as this saga unfolds. Let's make sure to avoid similar pitfalls as we navigate this exciting world of digital assets.