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Jack Abramoff Pleads Guilty in Illegal Investment Promotion

July 14, 2020, 11:08 PM

Lobbyist Jack Abramoff pleaded guilty by telephone Tuesday to criminal charges that he illegally promoted to investors a cryptocurrency called AML BitCoin.

The former Washington insider, who went to prison in a 2006 lobbying scandal, joined a teleconference with a federal judge in San Francisco to enter his plea instead of appearing in person because of the coronavirus pandemic.

Jack Abramoff
Photographer: Jewel Samad/AFP via Getty Images

Abramoff, 61, offered simple yes or no answers to the judge’s questions about his plea agreement, the details of which were disclosed last month when complaints from federal securities regulators and prosecutors were made public. In a court filing,...

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