Disgraced Lobbyist Abramoff Will Pay $55K as Part of Guilty Plea in SEC Case
Cointelegraph
Published Jul 16, 2020 03:43PM ET
Updated Jul 16, 2020 05:20PM ET
Per a July 15 judgment in the case of the SEC v. Abramoff, Jack Abramoff will pay $55,000 in disgorgement and interest for his involvement in promotion for AML Bitcoin. Abramoff will also be permanently barred from participating in any future securities offerings.
The San Francisco court behind the ruling is seeing concurrent criminal charges, to which Abramoff has also pleaded guilty, but for which the judgment remains uncertain.
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Written By: Cointelegraph
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