Jack Abramoff, the onetime Washington insider who went to prison in a lobbying scandal, was charged with a criminal conspiracy related to cryptocurrency 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 blockchain-based digital token called AML BitCoin….
In the early 2000s, Abramoff was at the center of a scandal that led to 20 convictions or guilty pleas, including two officials in President George W. Bush’s administration, a member of Congress, congressional aides and nine other lobbyists. Abramoff served 43 months in prison before he was released in 2010.