Lobbyist Abramoff Charged by U.S. in Cryptocurrency Fraud (2)

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 ...