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. 

Subscribe here for up-to-date channel news

Follow Us

Join the New Zealand Reseller News newsletter!

Error: Please check your email address.

Featured

Slideshows

StorageCraft celebrates high achievers at its inaugural A/NZ Partner Awards

StorageCraft celebrates high achievers at its inaugural A/NZ Partner Awards

Revealed at a glitzy bash in Sydney at the Ivy Penthouse, the first StorageCraft Partner Awards locally saw the vendor honour its top-performing partners with ASI Solutions, SMBiT Pro, Webroot, ACA Pacific and Soft Solutions New Zealand taking home the top awards. Photos by Maria Stefina.

StorageCraft celebrates high achievers at its inaugural A/NZ Partner Awards
Kiwi resellers make a splash on Synnex and Lenovo RotoVegas road trip

Kiwi resellers make a splash on Synnex and Lenovo RotoVegas road trip

​Synnex and Lenovo hosted 18 resellers for an action-packed weekend adventure in RotoVegas, taking in white water rafting on the Kaituna River, as well as quad biking and dinner at Stratosfare​, overlooking Lake Rotorua at the top of Mount Ngongotaha​. Photos by Synnex.

Kiwi resellers make a splash on Synnex and Lenovo RotoVegas road trip
Show Comments