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    Home - Legal - Jack Abramoff-Linked Crypto CEO Faces Up to 2 Decades in Prison
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    Jack Abramoff-Linked Crypto CEO Faces Up to 2 Decades in Prison

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    Jack Abramoff-Linked Crypto CEO Faces Up to 2 Decades in Prison
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    A federal jury in San Francisco returned a guilty verdict on Wednesday afternoon for Rowland Marcus Andrade, the founder and CEO of NAC Foundation LLC, for fraud and money laundering over allegations he stole more than $10 million from investors in connection with a scheme that involved the once prominent lobbyist Jack Abramoff.

    And that’s bad news for Andrade, whose wire fraud and money laundering convictions involve fines up to $250,000 and $500,000, respectively, and could put him behind bars for up to two decades.



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