Published on September 2nd, 2015 | by bitcoin0
20 Years in Jail For Ex-Federal Agent in Bitcoin Theft
Shaun Bridges, former US agent for the Drug Enforcement Administration plead guilty on August 31 to charges of wire fraud and money laundering.
Bridges will be sentenced by a judge in December and faces a maximum 20 years in prison and US$250,000 fine.
Bridges, 33, appeared in a San Francisco Federal Court admitting to extortion, moving US$800,000 in bitcoin under his possession along with obstruction of justice in the Silk Road case.
Federal agents learned that Bridges had made multiple attempts to change his identity, including his social security.
Bridges faces 20 years in prison for his plea to charges of money laundering and obstruction of justice.