Jack Abramoff Faces Prison Time With New Crypto-Currency Fraud Charges – By Tierney Sneed (TPM) / June 25 2020
Former superlobbyist Jack Abramoff has reportedly pleaded guilty to criminal charges and is facing a separate SEC complaint for an allegedly fraudulent crypto-currency scheme.
Abramoff did prison time a decade ago on notorious Bush-era corruption charges that dragged down other lobbyists, congressional staff, and one member of Congress. He was released in 2010.
The U.S. Attorney’s Office for the Northern District of California is charging Abramoff with “conspiracy to commit wire fraud and lobbying disclosure violations,” according to an SEC release.
U.S. Attorney David Anderson said at a press conference Thursday, according to Bloomberg, that Abramoff had agreed to plead guilty and that he could face up to five years in prison.
The SEC announcement of its complaint alleged that Abramoff had conducted an “fraudulent, unregistered offering” of a BitCoin product, AML BitCoin. Abramoff has agreed to a settlement with the SEC, according to its release.
Continue to article: https://talkingpointsmemo.com/news/jack-abramoff-faces-prison-time-with-new-crypto-currency-fraud-charges
