December 11, 2015

Secret Service Agent Jailed For 6 Years For Theft of $800,000 Bitcoins, And Blaming Another For His Crime


Silk Road (pictured) was an underground website where people bought drugs and other illicit goods using Bitcoin digital currency.


[From article]
A former Secret Service agent has been sentenced to nearly six years in prison for his part in the theft of electronic currency during the high-profile investigation into the online drug bazaar Silk Road.
Shaun Bridges' attorneys had sought a three-year prison term, but U.S. District Judge Richard Seeborg said Bridges' behavior was a 'shocking and reprehensible abandonment of his public duty'.
'This to me is an extremely serious crime consisting of the betrayal of public trust by a federal law enforcement agent,' Seeborg said before issuing the 71-month prison sentence.
'And from everything I see, it was motivated entirely by greed.'
Bridges, who prosecutors said had previously spent time protecting the president's family, pleaded guilty in August to money laundering and obstruction charges and acknowledged stealing $820,000 worth of Bitcoin after getting access to Silk Road, the multimillion-dollar marketplace for illegal drugs and other contraband.
Bridges was part of a task force investigating Silk Road.
Prosecutors said in court Monday that Bridges then tried to pin the theft on a witness who was cooperating with the investigation, prompting Silk Road founder Ross Ulbricht to take out hits on the witness' life.
http://www.dailymail.co.uk/news/article-3351209/Ex-Secret-Service-agent-spent-time-protecting-Obama-family-gets-nearly-six-years-prison-stealing-860-000-worth-bitcoin-Silk-Road-investigation.html

Ex-Secret Service agent who spent time protecting the Obama family gets nearly six years in prison for stealing $860,000 worth of Bitcoin during Silk Road investigation
Shaun Bridges, a special agent with the Secret Service, pleaded guilty to money laundering after stealing $820,000 worth of electronic currency
Bridges was investigating the online drug bazaar Silk Road when he gained access to the website and stole the currency from creator Ross Ulbricht
He then tried to pin the theft on a cooperating witness
Ulbricht tried to take out hits on the witness
Prosecutors said Ulbricht had spent time protecting the president's family
Defense attorneys had wanted a three-year prison term
The judge said Bridges had betrayed the public's trust out of greed
By Associated Press Reporter and Dailymail.com Reporter
Published: 10:35 EST, 8 December 2015 | Updated: 11:05 EST, 8 December 2015

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