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Breaking News: SOL Strategies: The First Solana Treasury Company Listed On Nasdaq

Lobbyist, Filmmaker, Cryptocurrency Scammer: Who Is Jack Abramoff?

Tony "The Bull" Severino
Tony "The Bull" Severino
5 years ago
2 mins read
jack abramoff crypto scammer aml bitcoin lobbyist shutterstock_1182595936

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Former Washington lobbyist Jack Abramoff has agreed to plead guilty in a case involving a cryptocurrency scam.

How did this former filmmaker turned lobbyist end up involved in a cryptocurrency scam? And who exactly is Jack Abramoff?

Former Lobbyist and Hollywood Filmmaker Involved in Cryptocurrency Scam

Lobbyist Jack Abramoff has been hit with dual charges related to a crypto scam, along with cohort Rowland Marcus Andrade.

Andrade is the chief executive of NAC Foundation, a Las Vegas-based virtual currency firm according to the Better Business Bureau.

The duo is accused of making false claims associated with a cryptocurrency scam called AML Bitcoin.

Related Reading | PSA: New XRP Scam Is Targeting Scorn Ripple Investors 

The United States Securities and Exchange Commission says they made statements that misled investors.

Abramoff is also charged with violating a lobbyist disclosure law, associated with the scheme.

The SEC says that the project claimed to be “superior to the original Bitcoin.” AML Bitcoin was also said to offer anti-money laundering and theft-resistance tech. These claims, the SEC says aren’t credible.

Abramoff pled guilty to the charges and faces potential jail time for the crimes. However, this wouldn’t be Abramoff’s first stint in prison.

From Bribery To Fraudulent Bitcoin Claims, Jack Abramoff’s Criminal Curveball

Lobbyist Jack Abramoff is now embroiled in a case involving the SEC and a cryptocurrency scam. But it’s not the former filmmaker and disgraced lobbyist’s brush with the law.

In 2006, Abramoff pleaded guilty to felony counts of conspiracy, fraud, and tax evasion. He served four years in prison for the crimes.

Abramoff has had a bizarre career, first starting out as a filmmaker. He spent ten years in Hollywood, producing the film Red Scorpion, starting ’80s star Dolph Lundgren of Rocky fame.

Abramoff later took a job at the lobbying arm of the law firm Preston Gates & Ellis LLP, where his lobbyist roots began.

Related Reading | Michael Jordan of Crypto Trading Scams MLB Players Out of Millions

In September 2008, a court judge found Abramoff guilty of using expensive gifts, meals, and luxury trips in political bribes.

Abramoff was accused of bribing several lawmakers, politicians, and more. He served four years out of a six-year sentence.

He isn’t exactly the most trustworthy individual, so it is not surprising to see him once again involved in a scandal.

The story reads like a Hollywood script, something Abramoff is familiar with. The happy ending is that this crook will once again be behind bars.

Unfortunately, the next chapter involves scorn investors burned by the scam, picking up the pieces and rebuilding.

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Tony "The Bull" Severino
Tony "The Bull" Severino

Tony "The Bull" Severino

Tony "The Bull" Severino, CMT, is a distinguished figure in the cryptocurrency analysis sector, renowned for his in-depth technical expertise and innovative approach to market trends. As the Head of Research at NewsBTC, Tony leads a team dedicated to providing cutting-edge insights and forecasts, helping both novice and experienced traders navigate the complexities of the crypto market.
A seasoned Chartered Market Technician, Tony's prowess in identifying and capitalizing on market patterns is unmatched. His academic and professional journey in market analysis has firmly established him as a leading authority in technical trading strategies. Tony’s approach is heavily influenced by the principles of Elliott Wave Theory, a method known for its rigorous assessment of investor psychology and price movements.

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Beyond his role at NewsBTC, Tony is the visionary founder of CoinChartist.io, an educational platform aimed at demystifying the nuances of cryptocurrency trading. CoinChartist.io serves as a valuable resource for traders seeking to enhance their technical analysis skills. The platform offers a range of learning tools and resources designed to empower traders with the knowledge to make informed trading decisions.

In addition to his educational initiatives, Tony is a prolific author and a dominant voice in the crypto community. He writes the CoinChartist VIP newsletter, a weekly dispatch that has become a staple among crypto enthusiasts, revered for its insightful analysis and actionable trading advice. This newsletter has consistently ranked as a best-seller on SubStack, boasting thousands of subscribers who rely on Tony’s expertise to guide their trading strategies.

Tony is also celebrated for his literary contributions to the field. He is the author of the highest-rated Crypto Trading Journal on Amazon.com, a testament to his ability to communicate complex trading concepts in an accessible manner. This journal is widely regarded as an essential tool for traders aiming to track their progress and refine their strategies.

Before his ascent in the financial analysis world, Tony honed his skills in journalism. His background in this field has endowed him with a unique ability to present intricate market dynamics in a clear and compelling manner, making his insights highly sought after by a broad audience that ranges from casual readers to professional traders.
His professional affiliations underscore his commitment to excellence and continuous learning. As a partner of Elliott Wave International and TradingView, Tony collaborates with other leading experts to enhance his knowledge and skills. His active membership in the CMT Association further aligns him with the highest standards of industry practices and ethics.

Tony’s nickname, "The Bull," aptly reflects his aggressive and optimistic outlook on the cryptocurrency markets. His forecasts often anticipate significant upturns, earning him a reputation for bullish predictions that have frequently led to lucrative outcomes for those who follow his advice.

In summary, Tony "The Bull" Severino, CMT, is more than just a technical analyst; he is a mentor, educator, and innovator whose influence in the cryptocurrency space continues to grow. His dedication to advancing the understanding of market forces and his commitment to providing high-quality, reliable analysis make him a pivotal figure in the world of cryptocurrency trading.

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Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

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Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

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