Remember Jack Abramoff? Of Tom DeLay fame?
Sure you do. He served nearly four years in prison after he pleaded guilty to conspiracy, fraud and tax charges in 2006.
And then he got out, wrote a book and then went on a book tour, and then lived happily ever after. screwed up again.
He’s pled guilty to “conspiracy to commit wire fraud and lobbying disclosure violations,” and that can cost him 5 more years in prison.
The SEC announcement of its complaint alleged that Abramoff had conducted an “fraudulent, unregistered offering” of a BitCoin product, AML BitCoin. Abramoff has agreed to a settlement with the SEC, according to its release.
The scheme involved false claims that “multiple government agencies were negotiating to use AML BitCoin,” according to the SEC. The SEC said Abramoff and an associate “falsely claimed that they were on the verge of advertising AML BitCoin during the Super Bowl in an effort to create interest in the offering.”
Dude, this life of crime thing ain’t working out real good for you.
Thanks to Ralph for the heads up.