Lobbyist Abramoff Charged in Crypto-Currency Case, U.S. Says (1)

Banking Law News

June 25, 2020, 7:19 PM

Jack Abramoff, the onetime Washington insider who went to prison in a lobbying scandal, was charged with a criminal conspiracy related to crypto currency and lobbying disclosure, a U.S. prosecutor said.

Abramoff has agreed to plead guilty and faces as long as five years in prison, San Francisco U.S. Attorney David Anderson said Thursday at a press conference in San Francisco.

Separately, the U.S. Securities and Exchange Commission sued Abramoff, alleging he was part of a fraudulent and unregistered offer and sale of digital asset securities by NAC Foundation LLV, a company that was in early-stage development of a…

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