Federal agent involved in Silk Road bitcoin theft to serve six years behind bars

8 Dec 2015 | Author: | No comments yet »

Ex-Agent Gets 6 Years Prison for Betrayal in Silk Road Probe.

A government agent who stole $820,000 in bitcoins while investigating an online drug emporium was sentenced to almost six years in prison after a prosecutor said his deceit amounts to a “breathtaking abuse of trust.” Shaun Bridges, who worked for the Secret Service, hijacked the account of an administrator for the Silk Road black market website to syphon off the digital currency. The U.S. said Bridges deserved a harsh sentence because the administrator was working as a government informant and was put in danger when Silk Road’s founder assumed he was the thief and tried to have him killed. He is the second agent to be punished for succumbing to the lure of the internet’s dark side, and will have at least one friend in the slammer in the form of Carl M. The informant, Curtis Green, sobbed on the witness stand Monday as he told a San Francisco federal judge he received more than 30 death threats as word got out that he had stolen from the Internet bazaar for drugs, hacker tools and other contraband.

Attorney Katherine Haun told the judge that the damage done by Bridges, whose past duties included guarding President Obama’s family, went beyond comprising the government’s investigation of Silk Road. Bridges was part of the Secret Service’s electronic crimes task force and had been assigned to the investigation into Silk Road, an online marketplace for illicit goods. She said it’s “truly staggering” that the government has had to shut down other cases in which it relied on Bridges as an expert in digital currency. They noted that he cooperated with investigators and repaid about $500,000. “Rather than report the theft, he made the impulsive decision to steal bitcoins from a Silk Road account,” Mr.

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