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Notorious convicted lobbyist Jack Abramoff is out of prison and turning over a new leaf, now exposing what he calls the “pernicious and slow process of corruption” that has infected Washington, D.C., including the underhanded ways in which legislators are still using their power to legally make money off the stock market.
Abramoff appeared in an on-air interview with WND reporter Aaron Klein on New York City’s WABC-Radio during today’s “Aaron Klein Investigative Radio,” discussing his explosive new book, “Capitol Punishment: The Hard Truth About Washington Corruption From America’s Most Notorious Lobbyist.”
Abramoff explained to Klein, “What people don’t realize is that, of the activities in Washington that are corrupt, most of them are actually legal.”
For example, he noted, U.S. congressmen are exempt from insider trading laws, opening a door for manipulative money-making schemes.
“They have absolute access to information that not only is insider information, it’s information the companies don’t even have about themselves,” Ambamoff explained. “They’ll know when a hearing is coming up that could destroy a company, and, in some cases, some of them will buy stock or short [sell], and it’s inappropriate entirely, and unfortunately, it’s legal.”
With a level of experience only Abramoff could boast, the former lobbyist asserted, “All the things I did are, for the most part, still being done.”
Audio of the interview can be heard below:
Abramoff was once the most powerful lobbyist on Capitol Hill. Congressmen lined up to do his bidding, executives heeded his advice and heads of governments hung on his every word. But scandal brought him down, ultimately casting him into prison.
As the Abramoff name became synonymous with government corruption, the drastic fall from grace was his wake-up call. He now admits he did wrong. He lost sight of the “line,” and he had plenty of time to reflect during his 43-month prison sentence. He has paid the price, and now he is ready and willing to discuss details – as well as his unique insight into the systemic reforms needed to prevent others from falling into “disgrace.”
Now a free man, "Capitol Punishment: The Hard Truth about Washington Corruption from America's Most Notorious Lobbyist," is Jack Abramoff's autobiographical exposé unveiling the mysterious and corrupt world of federal politics.
In his book, Abramoff "outs" senators and members of Congress and sets out the details of insider deals previously unknown to most.
But he also sets forth a Capitol Hill reform plan that would rock the fraternal inside-the-Beltway culture.
The scandals triggered by Abramoff led to the convictions of 20 people for payoffs in exchange for political favors, including Republican Rep. Bob Ney of Ohio. Abramoff was released in June after nearly fours years in federal prison.
Published by WND Books, "Capitol Punishment" also reveals that Abramoff is "a smart, funny, charming, clear-eyed narrator who confounds every expectation of the media's villainous portrait."
Adds the publisher: "While he is the villain in the black fedora hat to most of the world, this narrative unearths Abramoff, the human being – tortured, troubled, guilt-ridden, broken, sorrowful, penitent. There are lessons in this book for all – a compelling and redemptive story."