What is Jack Abramoff's Net Worth?
Jack Abramoff, born on February 28, 1958, in Atlantic City, New Jersey, is an American former lobbyist and businessman. He has a net worth of negative $44 million after being at the center of a major corruption scandal. This scandal led to the conviction of Abramoff and 21 others, including White House officials J. Steven Griles and David Safavian, U.S. Representative Bobby Ney, and nine other lobbyists and congressional aides.
Major Scandals and Convictions
Abramoff was heavily involved in the Jack Abramoff Native American lobbying scandal. This scandal involved defrauding Native American tribes who were his lobbying clients and bribing public officials. Additionally, he was prosecuted for his dealings with SunCruz Casinos, leading to a guilty plea for conspiring to commit wire and mail fraud. As a result, Abramoff was sentenced to six years in federal prison but served only 43 months, being released on December 3, 2010.
Upon release, he was ordered to pay $44 million in restitution for defrauding Native American tribes. Prior to these events, Abramoff had co-founded the International Freedom Foundation, allegedly funded by apartheid South Africa, and served on the board of the National Center for Public Policy Research, a conservative think tank.
Other Controversies
Abramoff's career is also marred by other investigations, including a grand jury investigation in Guam involving an alleged plot to control the territory's courts, a suspect multibillion-dollar Homeland Security contract, and yet another Native American-related scandal involving the Choctaw Indian Tribe.
Casino Jack: The Film
Abramoff's controversial career was chronicled in the 2010 feature film Casino Jack, starring Kevin Spacey. At the peak of his career, Abramoff earned over $20 million per year. He also opened a kosher restaurant in Washington, D.C., called "Signatures," which has since been shut down.
