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Secret Agent pleading guilty to Silk Road bitcoin theft

Former Secret Service special agent Shaun W. Bridges plead guilty to skimming hundreds of thousands of dollars in bitcoin and routing the funds to his own accounts. Court officials announced the guilty plea on Sunday. Bridges is one of many federal agents involved in digging up evidence that brought up charges against Silk Road founder Ross Ulbricht and the shutdown in 2013 of Silk Road. Bridges was a computer crime expert with the Secret Service task force assigned to the Silk Road case. Ulbricht eventually was convicted of narcotics trafficking, computer hacking, running a criminal enterprise and money laundering and was sentenced to life in prison last month.

Bridges discovered more than just evidence, according to criminal complaints filed in U.S. District Court in San Francisco. Bridges accessed Silk Road’s systems in January 2013, reset several passwords and transferred about 20,000 bitcoin from the accounts, according to the complaint. He then converted the bitcoin into cash through a Japan-based bitcoin exchange and from there sent the money to the shell company’s investment accounts, investigators said. Along with Bridges, Drug Enforcement Administration Agent Carl Force is suspected of also stealing thousands ofbitcoins seized during a raid of the Silk Road.

Read more at Examiner.com

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