Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Bitcoin News & Updates => Topic started by: Tnoy30 on June 26, 2020, 06:17:52 AM
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SEC charges Abramoff and others in illegal AML Bitcoin offering.
The Securities and Exchange Commission today charged NAC Foundation, its CEO Marcus Andrade, and political lobbyist Jack Abramoff with conducting an illegal offering of AML Bitcoin, a cryptocurrency they touted as a better version of Bitcoin.
According to its press release, The SEC alleges that NAC Foundation raised at least $5.6 million from more than 2,400 investors by selling tokens that could later be converted to AML Bitcoin.
Read on: https://decrypt.co/33586/disgraced-lobbyist-jack-abramoff-pleads-guilty-to-crypto-related-fraud