Published on September 1st, 2015 | by bitcoin0
Guilty Plea in Botcoin Theft from Former Secret Service Agent
A former Secret Service agent pleaded guilty on Monday to diverting to his personal account over $800,000 worth of bitcoins during an investigation into online drug marketplace Silk Road.
Shaun Bridges, 33, appeared in federal court in San Francisco and admitted to money laundering and obstruction of justice.
Silk Road operated for more than two years until it was shut down in October 2013, generating more than $214 million in sales of drugs and other illicit goods using bitcoins, prosecutors said.
Bridges belonged to a Baltimore-based federal task force that investigated Silk Road.
Another member of that unit, former U.S. Drug Enforcement Administration agent Carl Force, has admitted to charges of extortion, money laundering and obstruction of justice.