AML Bitcoin (NAC Foundation)
A cryptocurrency marketed by Rowland Marcus Andrade's NAC Foundation as 'anti-money-laundering' Bitcoin. A U.S. jury convicted Andrade of wire fraud and money laundering in 2025; the DOJ said he defrauded investors of about $10M with false claims, including a fabricated Panama Canal deal.
Also known as: AML Bitcoin, NAC Foundation, Rowland Marcus Andrade, Marcus Andrade
Summary
AML Bitcoin was a token promoted between 2014 and 2019 by Rowland Marcus Andrade and his company, the NAC Foundation, as a next-generation, identity-verifying ("anti-money-laundering") cryptocurrency. [1][2]
Outcome
After a five-week trial, a San Francisco jury convicted Andrade in March 2025 of wire fraud and money laundering. The DOJ said he raised about $10 million through false and misleading statements about the technology and its prospects — including a false claim that the Panama Canal Authority was close to approving AML Bitcoin — and that he diverted more than $2 million to personal expenses, including Texas properties and luxury cars. In July 2025 he was sentenced to 84 months (seven years) in prison. Lobbyist Jack Abramoff, who had promoted the project, separately pleaded guilty in 2020. [1][2]
Bracketed numbers refer to the numbered sources listed below.
People & entities involved
Sources (2)
- Founder and CEO of AML Bitcoin sentenced to seven years in prison — IRS Criminal Investigation
- AML Bitcoin founder gets 7 years in prison for crypto fraud and money laundering — The Block
See also
- Loci (LOCIcoin)TokensA 2017–2018 ICO for 'LOCIcoin' tied to the InnVenn IP-search platform. The SEC charged Loci and CEO John Wise with fraud for raising $7.6M on false claims about revenue, headcount, and user base; Wise also misused investor funds. Settled with a $7.6M penalty and an officer/director bar.
- Blockchain Terminal (BCT)TokensA 2017–2018 ICO (BCT tokens, ~$30M) for a 'Blockchain Terminal' — a Bloomberg-style crypto trading terminal. The SEC and DOJ said convicted ex-hedge-funder Boaz Manor secretly ran it under a fake identity ('Shaun MacDonald'), using associate Edith Pardo as a front, and lied about the product's adoption.
- Crowd Machine (CMCT)Tokens
This page was last updated on Jun 8, 2026. View revision history.