Founder of AML Bitcoin Don Carry 7-Year Sentence for $10M Fraud

Rowland Marcus Andrade, di person we start di AML Bitcoin token, don get seven years prison sentence afta one jury for California find am guilty for wire fraud and money laundering. E divert $10 million from investors and channel $2 million wey come from AML Bitcoin sales take buy personal tins, like land and big big car dem. Andrade fool di backers as e talk say e get built-in AML and KYC features plus e talk say e get partnership dem we no true, like one fake deal with Panama Canal Authority. E go need give up assets and pay back di victims, restitution dey set for Sept 16. E sentence go start for Oct 31 and e go come with three years supervised release. Political lobbyist Jack Abramoff sef dem talk say make e give back $55,000 for promoting di token. Dis case show say dem dey serious about crypto fraud and dem wan make AML/KYC rules tight. Traders suppose do better due diligence: confirm who dey behind project, check whitepapers well and use better exchanges wey people trust. Even though dis case fit affect how people see AML Bitcoin token for short time, clear regulations fit build better market trust long term.