AML Bitcoin founder sentenced to 7 years in prison for multi-million dollar cryptocurrency fraud and money laundering

The court found that Andrade defrauded investors of approximately $10 million between 2014 and 2019 by falsely promoting AML Bitcoin's technology, commercial potential, and launch date. He then used over $2 million of that money for personal expenses, including the purchase of real estate and luxury cars. A hearing regarding victim compensation and property forfeiture will be held on September 16, 2025.