'AML Bitcoin' Lobbyist Jack Abramoff Pleads Guilty to ICO Fraud

Cryptocurrency10 hours ago (Jul 14, 2020 11:40PM ET)

‘AML Bitcoin’ Lobbyist Jack Abramoff Pleads Guilty to ICO Fraud

Notorious political lobbyist Jack Abramoff has pleaded guilty to charges of conspiring to defraud investors, conspiring to commit wire fraud, and violations of the Lobbying Disclosure Act relating to the 2018 initial coin offering (ICO) for AML BitCoin.

Abramoff pleaded guilty by telephone on July 14, admitting to having defrauded millions from investors through the ICO. The plea marks the first prosecution of a lobbyist for a criminal violation of the Lobbying Disclosure Act.

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