Feds Drop Deadline Bomb: Victims of AML Bitcoin Scam Have Until June 5

The FBI is ramping up efforts to track victims of a massive crypto fraud tied to fake AML coins, urging submissions before June 5 for possible restitution.

FBI Sets June 5 Deadline for Victims of AML Bitcoin and Crypto Fraud Empire

The U.S. Department of Justice and the Federal Bureau of Investigation (FBI) are reaffirming their request for victims of Rowland Marcus Andrade’s cryptocurrency scheme to come forward by June 5. In an announcement last week, the FBI’s San Francisco Division and the U.S. Attorney’s Office for the Northern District of California stressed the urgency of identifying individuals affected by the fraudulent marketing and sale of digital assets, including AML Bitcoin, AML Bitcoin token, Black Gold Coin, Aten Coin, and ABTC.

The FBI urged individuals who were victimized in the scheme to promptly complete a short form, stating:

If you were victimized by Mr. Andrade, his company, or products or have information relevant to this investigation, please fill out this short form. Submission Due Date: June 5, 2025. Responses after this date will not be considered.

In explaining the agency’s role, the FBI stated: “The FBI is legally mandated to identify victims of federal crimes it investigates. Victims may be eligible for certain services, restitution, and rights under federal and/or state law.” Those who submit information may be contacted for further details, and confidentiality will be maintained throughout the process.

Andrade, through his entity the National Aten Coin Foundation—also referred to as NAC Foundation LLC—was convicted of wire fraud and money laundering for misrepresenting the nature and compliance features of his cryptocurrency offerings. Between 2014 and 2019, he raised millions from investors using false claims about proprietary technology and anti-money laundering safeguards. This latest message from federal authorities builds on earlier outreach efforts, highlighting the importance of gathering information from victims who may be eligible for restitution and legal support.

Authorities are also urging the public to share the information with others who may have been affected, as the investigation continues to identify and support those defrauded through the NAC Foundation’s crypto-related activities.

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