Jack Abramoff was charged with fraud Thursday in connection with the sale of a new cryptocurrency that was touted as superior to bitcoin. Mr. Abramoff, 61, a disgraced former lobbyist who served time in prison, was charged in San Francisco federal court with conspiracy to commit wire fraud over his role in the sale of the proposed digital coin, called AML Bitcoin, which raised over $5 million from 2,400 investors, authorities said.

Source: Wall Street Journal June 25, 2020 20:20 UTC