Rowland Marcus Andrade's fraudulent activities related to AML Bitcoin resulted in a seven-year prison term and a restitution hearing scheduled for September 2025 to compensate victims.
Rowland Marcus Andrade, founder of AML Bitcoin, has been sentenced to seven years in prison for defrauding investors of nearly $10 million through wire fraud and money laundering. Andrade misappropriated over $2 million for personal expenses and falsely claimed partnerships, including one with the Panama Canal Authority. A restitution hearing is set for September 16, 2025, to determine the compensation owed to victims, as Andrade's prison sentence begins October 31, 2025.