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malaise

(296,834 posts)
5. Yes
Fri Jun 26, 2020, 09:16 PM
Jun 2020
https://www.bloomberg.com/news/articles/2020-06-25/lobbyist-abramoff-charged-in-crypto-currency-case-u-s-says
<snip>
Jack Abramoff, the onetime Washington insider who went to prison in a lobbying scandal, was charged by the U.S. with illegally lobbying for a fraudulent cryptocurrency project.

Abramoff has agreed to plead guilty to conspiracy and violating the Lobbying Disclosure Act and faces as long as five years in prison, according to a court filing and U.S. Attorney David Anderson in San Francisco.

In separate complaints unveiled Thursday, prosecutors and the U.S. Securities and Exchange Commission alleged that Abramoff misled investors while promoting a blockchain-based digital token called AML BitCoin, through the NAC Foundation. The company’s founder, Rowland Marcus Andrade, is fighting criminal charges, Anderson said.

The two men claimed the security was an improvement on the original Bitcoin because it had encoded security features, including to prevent money laundering, according to the SEC’s complaint against Abramoff. They raised at least $5.6 million from about 2,400 investors, mostly in the U.S., from August 2017 through December 2018, the SEC said. The agency separately sued Andrade and NAC.

Recommendations

0 members have recommended this reply (displayed in chronological order):

I know......I'm almost spitting my after diner cocktail at the TV. a kennedy Jun 2020 #1
That was hilarious malaise Jun 2020 #4
Slow learner. Nt TheFarseer Jun 2020 #2
who? Takket Jun 2020 #3
Yes malaise Jun 2020 #5
For me, the best part was the surrogate he used House of Roberts Jun 2020 #6
Delish malaise Jun 2020 #7
AAAH!!! Andrade names Rohrbacher & Jared KUSHNER in cout doc Budi Jun 2020 #8
Thanks for adding this to the thread. brer cat Jun 2020 #10
Oh My - thanks for this malaise Jun 2020 #11
Reminds me of a song with lyrics that said... Xolodno Jun 2020 #9
Seriously malaise Jun 2020 #13
Can we go after Tom DeLay? Gothmog Jun 2020 #12
Didn't he just get out of jail? CatLady78 Jun 2020 #14
Jailhouse Rock malaise Jun 2020 #15
Latest Discussions»General Discussion»Bwaaaaaaaaaaaaah Abramoff...»Reply #5