Lobbyist Jack Abramoff to plead guilty in cryptocurrency fraud case

REUTERS/Carlos Barria

• Disgraced lobbyist Jack Abramoff agreed to plead guilty to violating a federal lobbying disclosure law in connection with an alleged fraudulent offering of the cryptocurrency AML Bitcoin.
• Abramoff and Rowland Marcus Andrade, the chief executive of NAC Foundation, were accused of conspiring to make false and misleading statements to potential purchasers of the cryptocurrency.
• In 2006, Abramoff pleaded guilty to felony counts of conspiracy, fraud, and tax evasion.
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The US government said on Thursday that lobbyist and former convict Jack Abramoff had agreed to plead guilty to violating a federal lobbying disclosure law in connection with an alleged fraudulent offering of the cryptocurrency AML Bitcoin.

Abramoff and Rowland Marcus Andrade, the chief executive of NAC Foundation, were accused of conspiring to make false and misleading statements to potential purchasers of the cryptocurrency. Andrade was also criminally charged in connection with the offering.

See the rest of the story at Business Insider

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