US Silk Road Agent Pleads Guilty to Money Laundering
A US secret service agent who stole $820,000 worth of bitcoin pled guilty yesterday to money laundering and obstruction of justice. Shaun W Bridges was part of an investigation into Silk Road, an black marketplace hosted on the deep web, which allowed people to sell illegal drugs in return for bitcoin. In his plea agreement, Bridges, 32, of Laurel, Maryland, admitted to moving 20,000 BTC (worth around $350,000 at the time) from Silk Road accounts to a wallet he controlled. He did this in January 2013 by using an administrator account to reset passwords and pins of a number of accounts on....
Related News
Former Drug Enforcement Administration (DEA) agent Carl Mark Force IV, has admitted to stealing over $700,000 worth of bitcoin while running the Baltimore Silk Road investigation. Force, the lead undercover agent in communication with Ross Ulbricht - the mastermind behind the online drug marketplace now sentenced to life in prison - admitted using fake online personas to steal bitcoin from both the US government and investigated parties. He pleaded guilty to charges of extortion, money laundering and obstruction of justice. In connection to his plea, Force admitted he had offered to sell....
Carl Mark Force IV, the DEA agent accused of stealing nearly $1m-worth of bitcoin during an investigation into the Silk Road, has reportedly struck a plea deal with prosecutors. This follows last week's guilty plea by a US Secret Service agent involved with the case, Shaun Bridges, to money laundering and wire fraud. As reported by Bloomberg, a Monday court filing at the US District Court in San Francisco, California, revealed Force will plead guilty to charges including money laundering and extortion. He will face a hearing on 1st July to enter the pleas. Force's crimes. As well as....
Ross Ulbricht, founder of the infamous Silk Road drug market, will be remembered as one of bitcoin’s most relevant contributors, a man that grew bitcoin’s relevance to extraordinary levels, and became instantly popular following his arrest. Silk Road was a dark net market that ran on the TOR Network. At its peak, Silk Road accounted for 70% of all dark net drug sales. People wondered whether Ulbricht’s arrest was justified; consequently, his prison sentence became controversial as well. In the midst of the controversy it was later discovered that federal agents infiltrated the....
Former U. S. Secret Service agent Shaun Bridges pleaded guilty Monday to money laundering and obstruction of justice while investigating Silk Road, according to Bloomberg. Bridges admitted he stole $820,000 in bitcoins while serving on a Baltimore task force investigating the Silk Road Internet drug emporium. Bridges agreed in June to plead guilty to the charges. During Monday's hearing, a federal judge ordered Bridges to submit to electronic monitoring, and a curfew after a prosecutor told the judge Bridges tried to change his identity and possessed illegal firearms. Prosecutor: Bridges....
The US government believes that a former Secret Service agent convicted of stealing hundreds of thousands of dollars in bitcoin during the investigation of Silk Road may have been involved with additional thefts from the now-defunct online dark market. Ex-Secret Service agent Shaun Bridges was sentenced to nearly six years in federal prison after pleading guilty last year to money laundering and obstruction charges tied to the theft of more than $800,000 in bitcoin from the Silk Road during the US government’s investigation. Bridges was re-arrested in late January on suspicion that he was....