Menu
Former Secret Service agent sentenced for corruption in Silk Road investigation

Former Secret Service agent sentenced for corruption in Silk Road investigation

Shaun W. Bridges was one of two corrupt federal agents involved in the Silk Road investigation

A former Secret Service agent was sentenced Monday to 71 months in prison for stealing bitcoins from vendors on the Silk Road, the now-shuttered underground marketplace he was investigating. 

Shaun W. Bridges, 33, of Laurel, Maryland, must also forfeit US$650,000, the U.S. Justice Department said.

Bridges pleaded guilty on Oct. 31 in the U.S. District Court for the Northern District of California to money laundering and obstruction of justice.

He was one of two federal investigators charged with crimes committed during the probe of the Silk Road, which was shut down in October 2013.

Ross Ulbricht, who was accused of being the site's operator, was sentenced to two concurrent life sentences and 40 years in prison. He is appealing.

Bridges had been a special agent with the Secret Service's Baltimore Field Office. He admitted using an administrator account on the Silk Road website to transfer 20,000 bitcoins into his own account in early 2013.

When the bitcoins appreciated, he sold them and deposited $820,000 into personal investment accounts, according to prosecutors.

The second corrupt investigator, former DEA agent Carl Mark Force IV, pleaded guilty in July to money laundering, obstruction of justice and extortion under color of official right.

Prosecutors alleged he used his position to illegally garner $700,000 worth of bitcoins during the course of the Silk Road investigation. He was sentenced in October to 78 months in prison. 


Follow Us

Join the newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.

Featured

Slideshows

The making of an MSSP: a blueprint for growth in NZ

The making of an MSSP: a blueprint for growth in NZ

Partners are actively building out security practices and services to match, yet remain challenged by a lack of guidance in the market. This exclusive Reseller News Roundtable - in association with Sophos - assessed the making of an MSSP, outlining the blueprint for growth and how partners can differentiate in New Zealand.

The making of an MSSP: a blueprint for growth in NZ
Reseller News Platinum Club celebrates leading partners in 2018

Reseller News Platinum Club celebrates leading partners in 2018

The leading players of the New Zealand channel came together to celebrate a year of achievement at the inaugural Reseller News Platinum Club lunch in Auckland. Following the Reseller News Innovation Awards, Platinum Club provides a platform to showcase the top performing partners and start-ups of the past 12 months, with more than ​​50 organisations in the spotlight.​​​

Reseller News Platinum Club celebrates leading partners in 2018
Meet the top performing HP partners in NZ

Meet the top performing HP partners in NZ

HP has honoured its leading partners in New Zealand during 2018, following 12 months of growth through the local channel. Unveiled during the fourth running of the ceremony in Auckland, the awards recognise and celebrate excellence, growth, consistency and engagement of standout Kiwi partners.

Meet the top performing HP partners in NZ
Show Comments