CureZone   Log On   Join
US federal agent investigating Silk Road admits $800,000 bitcoin th
 
befurther Views: 205
Published: 10 y
 

US federal agent investigating Silk Road admits $800,000 bitcoin th


Shaun Bridges, a former secret service member, pleads guilty to money laundering after another member of same task force admitted to similar crimes

A former US secret service agent has pleaded guilty to stealing over $800,000 worth of bitcoin during an investigation into online drug marketplace Silk Road.

Shaun Bridges, 33, appeared in federal court in San Francisco and admitted to money laundering and obstruction of justice.

Silk Road operated for more than two years until it was shut down in October 2013 having generated more than $214m in sales of drugs and other illicit goods using bitcoin, prosecutors said.

Ross Ulbricht, Silk Road’s creator, who authorities say used the alias Dread Pirate Roberts, was sentenced to life in prison after a federal jury in Manhattan found him guilty of charges that included distributing drugs via online sales.

Bridges belonged to a Baltimore-based federal task force that investigated Silk Road. Another member of that unit, former US Drug Enforcement Administration agent Carl Force, has admitted extortion, money laundering and obstruction of justice.

An attorney for Ulbricht said those charges “remove any question about the corruption that pervaded the investigation of Silk Road”.

In court on Monday Bridges admitted his theft had made Ulbricht believe that another individual was stealing from Silk Road and helped lead Ulbricht to try to hire someone to kill that person.

Sentencing for Bridges was scheduled for December.

 

www.theguardian.com/technology/2015/sep/01/us-federal-agent-investigating-silk-road-admits-800000-bitcoin-theft

 

Share


 
Printer-friendly version of this page Email this message to a friend
Alert Moderators
Report Spam or bad message  Alert Moderators on This GOOD Message

This Forum message belongs to a larger discussion thread. See the complete thread below. You can reply to this message!


 

Donate to CureZone


CureZone Newsletter is distributed in partnership with https://www.netatlantic.com


Contact Us - Advertise - Stats

Copyright 1999 - 2025  www.curezone.org

0.105 sec, (2)