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.
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
World Liberty Financial (WLFI) — Justin Sun token freezeProjectsWLFI, a DeFi project linked to Donald Trump and his family, blacklisted/froze the wallet of major investor Justin Sun in Sept 2025 — ~540–595M unlocked WLFI tokens (~$107M) plus ~2.4B locked. Sun sued, alleging an undisclosed admin 'blacklist backdoor'; WLFI denied it and threatened a countersuit. The dispute is ongoing.
Gala Games exploitTokensOn May 20, 2024 an attacker abused a privileged minter account on the GALA token contract to mint 5 billion GALA (≈$200M+ nominal) and dumped ~600M of them for ~$22M of ETH before Gala froze the address. Gala Games called it an internal access-control failure; the attacker later returned the ~$22M.
This page was last updated on Jun 15, 2026. View revision history.
