The founder of a cryptocurrency called Anti-Money Laundering Bitcoin who’s charged with pilfering $5 million from investors shifted blame for the scheme on the notorious lobbyist Jack Abramoff at the first day of his federal criminal trial.
Defense attorneys for Rowland Marcus Andrade, a Texas businessman who prosecutors say orchestrated an AML Bitcoin pump-and-dump scheme in 2017, told a jury Tuesday that Abramoff and other shady business partners took advantage of Andrade’s hard work, good faith, and mental impairments.
“He was swimming with the sharks,” Andrade’s attorney, Michael Shepard of King & Spalding LLP, told the jury during opening statements ...
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