Second U.S. Agent To Plead Guilty to Bitcoin Theft

The second of two former U.S. government agents charged with stealing hundreds of thousands of dollars in bitcoin has reached a plea agreement with the prosecutors.

Carl Force, a former U.S. Drug Enforcement Administration (DEA) agent, was charged with stealing bitcoins during the investigation of the illegal Silk Road Internet drug emporium, according to Bloomberg. The investigation led to the conviction of Ross Ulbricht, the site’s founder. Force agreed to plead guilty to money laundering and extortion, according to a court filing Monday.

Force Extorted Payments from Ulbricht

Without telling his superiors, Force used the alias “French Maid” to extort and negotiate with Ulbricht. Force sold information about the government’s investigation in exchange for payment, according to a San Francisco federal court filing Monday. Using this alias and others, Force channeled more than $400,000 in digital currency to his personal bank accounts, according to the filings.

Force’s agreement follows a similar arrangement on June 17 with Shaun Bridges, a U.S. Secret Service agent who worked with Force on

Read more ... source: CryptoCoinsNews