Crypto CEO Bags Record Breaking Prison Sentence For $2 Billion Theft

Former U. S. federal agent Carl Force has been sentenced to 78 months in prison. The sentence is substantially more than the four years of prison time sought by his attorneys while less than the 87-month prison sentence requested by U. S. prosecutors. After pleading guilty to bitcoin theft and extortion during the government investigation of dark web drug marketplace Silk Road, rogue federal agent Carl Force IV has been sentenced to six and a half years in prison after admitting to charges of money laundering, extortion and obstruction of justice. Force's defense claimed mental health....

Russian authorities have investigated a number of cases involving the theft of crypto mining equipment in the past months. A resident of Yaroslavl has just been found guilty of stealing mining hardware worth over $20,000 and sentenced to three years in prison. Russian Convicted of Stealing Mining Rigs Receives Prison Sentence A 34-year-old man from the city of Yaroslavl, some 250 kilometers northeast of Moscow, has been found responsible for the theft of equipment for cryptocurrency mining. The hardware’s value has been estimated at 1.6 million rubles (almost $22,000),....

A Secret Service agent accused of stealing hundreds of thousands of dollars in bitcoin during the US government's investigation of the now-defunct dark market Silk Road has been sentenced to nearly six years in prison. Shaun Bridges is set to spend the next five years and eleven months in federal prison after the court sided with the prosecution, which asked for the 71-month sentence in a memorandum filed on 30th November. Bridges was charged earlier this year with obstruction of justice and money laundering in connection with the theft of more than $820,000 in bitcoin from accounts....

The Russian Ministry of Finance is taking a hard stance against Russian adopters of bitcoin and cryptocurrencies, with a proposal that -while not yet legal or enforced-aims to punish users engaging in Bitcoin trading with a prison sentence of up to 4 years. While most governing bodies around the world looks to adopt bitcoin or block chain technology or look for ways to regulate the cryptocurrency, Russia is unrelenting in its stance toward what it sees as the "trafficking" of Bitcoin. The Russian Ministry of Finance that had previously supported fines of up to 500,000 rubles or a 2-year....

Charlie Shrem, former CEO of early bitcoin exchange BitInstant, has been released from prison after serving a sentence for money laundering and unlicensed money transmission. Shrem Released From Prison. Shrem announced his release (which actually happened a few weeks ago) in a blog post on his home page, titled “Onward.” In the post, he said he and his partner Courtney were living temporarily in southern Pennsylvania, and that he was enjoying “all the small things I missed while I was away.” Shrem thanked the people who supported him and communicated with him while he was in prison,....