Lobbyist Abramoff to plead guilty in cryptocurrency fraud case

Abramoff and Rowland Marcus Andrade, the chief executive of NAC Foundation, were accused of conspiring to make false and misleading statements to potential purchasers of the cryptocurrency. The U.S. Securities and Exchange Commission on Thursday announced parallel charges against NAC, Andrade and Abramoff. Abramoff, who once served four years in prison for bribing U.S. officials in a case that became synonymous with government corruption, also agreed to settle with the SEC.