Latest news with #AMLBitcoin
Time Business News
28-05-2025
- Business
- Time Business News
Demanding the Truth: Why the AML Bitcoin Files Must Be Declassified Now
In a case that has drawn increasing national attention, Rowland Marcus Andrade—the creator of AML Bitcoin—is now calling for transparency at the highest levels of government. His legal team has filed a motion urging the U.S. District Court to reconsider its decision denying an evidentiary hearing, citing newly surfaced information that points to government misconduct and suppression of critical evidence. The public deserves to know what really happened in the prosecution of Andrade, and that starts with one demand: Declassify the AML Bitcoin files now. According to court documents filed on February 6, 2025, Andrade's attorneys argue that FBI agents withheld key evidence, including testimony that could prove that AML Bitcoin's promotional funds were misused not by Andrade, but by political operatives such as convicted lobbyist Jack Abramoff. Abramoff is alleged to have funneled money through a shell company called Landfair Capital Consulting, LLC—a company linked directly to AML Bitcoin purchases and illegal political campaigning. 'The systematic suppression of information,' witness May Edwards testified, 'included international money laundering tied to AML Bitcoin—using shell companies to hide transactions.' (U.S. District Court Case No. 3:20-cr-00249-RS) The story gets even more complex. In affidavits presented by Andrade's defense, FBI Agent Rohan Wynar reportedly identified Landfair Capital as the 'money connection' in the case—yet this information was buried. The motion argues that the FBI and DOJ chose to selectively disclose evidence, possibly to obscure their role in a broader political narrative involving Ukraine, right-wing media campaigns, and even 2016 election-related propaganda. As this legal battle unfolds, public sentiment is growing. A petition calling for the declassification of AML Bitcoin-related documents is gaining traction, with supporters insisting that Americans have a right to know the truth about how their justice system operates—especially when political motives may be at play. This is not just a case about cryptocurrency fraud. It is about power, secrecy, and a government that may have weaponized its agencies to silence inconvenient truths. High-ranking FBI officials like Ethan Quinn and Roahn Wynar are central figures who must answer questions regarding their investigative conduct. According to the declaration of Kerrie C. Dent, one of Andrade's attorneys, funds from AML Bitcoin were used to promote pro-Russia, anti-Biden messaging during the 2016 election—under the guise of 'anti-corruption' campaigns. The DOJ must explain how and why this information was excluded from the courtroom. If true, it would suggest a politically motivated misuse of the justice system. A recent article on AML Intelligence discusses the geopolitical impact of blockchain fraud cases like AML Bitcoin, especially when connected to election interference and lobbying abuse. The Andrade trial may be just the tip of the iceberg. Transparency is essential not only for Andrade's defense but for public trust in the justice system. Declassifying these documents will allow independent journalists, watchdog organizations, and legal scholars to examine whether this was a fair trial—or a politically influenced takedown of a cryptocurrency innovator. The public should not have to rely on redacted court filings or backroom deals. Justice demands clarity, and the truth must come to light—especially when digital innovation, political manipulation, and federal power intersect. TIME BUSINESS NEWS
Yahoo
13-03-2025
- Business
- Yahoo
AML Bitcoin Creator Found Guilty In Pump-and-Dump Case Linked to 'Casino Jack'
A federal jury in the Northern District of California on Wednesday convicted cryptocurrency entrepreneur Rowland Marcus Andrade of wire fraud and money laundering connected to the sale of a token called AML Bitcoin. The charges stemmed from an initial coin offering Andrade conducted for AML Bitcoin in 2017 and 2018. Early court filings covered by CoinDesk alleged Andrade, a Texas resident, falsely told investors that AML Bitcoin tokens would ultimately be converted into a tradeable AML Bitcoin currency — a cryptocurrency that never launched and was named to resemble the popular Bitcoin token. The conviction marks the conclusion of one of the first and longest-running crypto "pump-and-dump" cases to involve U.S. federal prosecutors. The Department of Justice named famed D.C. lobbyist Jack Abramoff a co-conspirator and he pleaded guilty in 2020, paying more than $50,000 in disgorgement and interest. Abramoff is better known for his involvement in a federal corruption scandal that resulted in his imprisonment and was depicted in the film "Casino Jack." A statement released by the U.S. Department of Justice accused Andrade of diverting "more than $2 million in proceeds from the sale of AML Bitcoin" and using it on "personal expenses, including the purchase of two properties in Texas and two luxury automobiles." According to the statement, Andrade also falsely claimed that the Panama Canal Authority was close to permitting AML Bitcoin to be used for ships passing through the Panama Canal when no such agreement existed. "Fraudsters often tout new and innovative technology in order to raise money from investors. But raising money through lies and misrepresentations is neither new nor innovative. It's unlawful, plain and simple," said Acting United States Attorney Patrick D. Robbins. "If you deceive investors to enrich yourself and spend their money on personal expenses, homes, and property, you will be held to account." Andrade is scheduled to be sentenced in July. According to the DOJ press release, "he faces a maximum penalty of 20 years in prison for the wire fraud count and 10 years in prison for the money laundering count, and forfeiture of all property that is traceable to his wire fraud and money laundering violations including property that Andrade bought in Texas."
