Ex-Federal Agent Faces 20 Years in Prison for 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.
Shaun Bridges, former
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
During the hearing, US District Judge Richard Seeborg ordered Bridges to wear an electronic monitoring device at his residence because prosecutors were informed hours earlier he tried to change his name during the trial. Federal agents learned that Bridges had made multiple attempts to change his identity, including his social security. The investigation found a few illegal firearms with the former officer as well. The Baltimore-based taskforce’s other member, Carl Force, of the DEA unit also admitted to guilt back in June for the same crimes.
In a release given to the public by the US Department of Justice (DOJ), Assistant Attorney General Caldwell said:
“Law enforcement officers who cross that line not only harm their immediate victims but also betray the public trust. This case shows we will act quickly to hold wrongdoers accountable, no matter who they are.”
Representatives from the Ulbricht family told the press that this acknowledgement shows corruption in the criminal case against Ross. The family is using this evidence with their federal appeal against Judge Forrest’s decision.