FBI Intensifies Campaign to Locate Cryptocurrency Scam Victims
The FBI is intensifying its campaign to locate those who fell victim to a large-scale cryptocurrency scam involving fraudulent AML coins, with a deadline for restitution claims set for June 5. In a recent communication from the Federal Bureau of Investigation’s San Francisco Division, alongside the U.S. Attorney’s Office for the Northern District of California, victims of Rowland Marcus Andrade’s operation are being urged to step forward before this date.
Call for Victims to Step Forward
They are calling attention to the necessity of identifying individuals affected by deceitful promotions and sales of various digital currencies, including AML Bitcoin, AML Bitcoin token, Black Gold Coin, Aten Coin, and ABTC.
The FBI encourages anyone who believes they have been misled by Andrade or his offerings to complete a brief form to assist the investigation. They remarked,
“If you were affected by Mr. Andrade, his company, or any associated products, or if you have pertinent information, please fill out this short form. Submission Due Date: June 5, 2025. Responses received after this date will not be taken into account.”
Objectives and Legal Rights of Victims
Clarifying its objectives, the FBI pointed out its obligation to pinpoint victims of the federal crimes under investigation, stating that these individuals might be entitled to eligible services, restitution, and legal rights guided by federal and state legislation. Those who provide information may receive follow-up inquiries, and the confidentiality of their submissions will be safeguarded throughout the process.
Background on Andrade’s Deceptive Practices
Andrade, through his venture, the National Aten Coin Foundation, also known as NAC Foundation LLC, was found guilty on charges of wire fraud and money laundering stemming from his deceptive practices regarding the compliance and nature of his cryptocurrency offerings. From 2014 to 2019, he allegedly duped investors out of millions by promoting misleading claims about advanced technology and anti-money laundering protections.
This latest communication by federal authorities attempts to build on previous outreach initiatives, emphasizing the critical role of victim information in facilitating restitution and legal remedies.
Encouragement to Share Information
Law enforcement officials also encourage sharing this information with others who may have experienced similar fraud, as the investigation actively seeks to identify and assist all victims impacted by the NAC Foundation’s cryptocurrency schemes.
