Ex-Secret Service agent who siphoned Bitcoin from Silk Road takes plea deal

A former US Secret Service agent has pleaded guilty to money laundering and obstruction of justice charges stemming from his misconduct during the criminal investigation of Silk Road.

Shaun Bridges agreed to a plea deal after being charged with stealing 20,000 Bitcoin from accounts on the dark web drug market run by Ross Ulbricht under the alias Dread Pirate Roberts.

Bridges had been working on the Silk Road case through the Silk Road Task Force, a multi-agency group that operated out of Baltimore, MD.

The US Department of Justice (DoJ) said Bridges admitted to using a seized administrator account on Silk Road in order to lift Bitcoin from various accounts and deposit them into his own wallet. He then sold off the Bitcoin on the Mt Gox exchange between March and May of 2013 and came away with $820,000 in cash.

Bridges also admitted to lying to investigators and working to obstruct others who were investigating both Silk Road and his own actions.

Monday’s plea decision formalizes a plea agreement Bridges made in June. He will be sentenced on December 7.

“Mr. Bridges has now admitted that he brazenly stole $820,000 worth of digital currency while working as a U.S. Secret Service special agent, a

Read more ... source: Bitcoin Warrior