Sunday, November 27, 2022

Jailed Silk Road Investigator Gets Another Two Years

Jailed Silk Road Investigator Gets Another Two Years

Former U.S. Secret Service agent Shaun Bridges, jailed in 2016 for theft of bitcoins he stole while investigating the Silk Road case, has had his sentence increased to eight years in a separate case.

Also read: Infographic: Three Steps to Successfully Handling a Bitcoin Hard Fork

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Secret Service Agent Bridges Stole Bitcoins, Tried to Flee Country

Though initially sentenced in 2015 after pleading guilty to fraud and money laundering, Bridges was arrested and charged again in 2016 as he attempted to flee the country before going to jail. Then in August 2017, prosecutors laid further charges against Bridges related to his misappropriating over 1,600 BTC from Silk Road.

Secret Service SealReuters said Bridges, 35, received two additional years in prison after also pleading guilty to the new charges in the U.S. District Court in San Francisco.

Though worth only about $359,000 USD at the time of the theft, that BTC is worth over $12 million at today’s prices.

Motherboard reported that Bridges had previously enjoyed a distinguished career at the U.S. Secret Service, protecting the Obama family and working for the NSA.

Stealing bitcoins wasn’t Bridges’ only questionable action — he also served a warrant on Mt. Gox right after withdrawing his stolen money from the exchange, and attempted to frame government witness Curtis Green for part of the BTC theft.

Corrupt Agents’ Activities Marred Government’s Case Against Silk Road

Bridges and DEA agent Carl Force have both been jailed for misconduct during the Silk Road investigations, though each acted independently of the other. Though the two agents’ corrupt activities were known to prosecutors before the trial of accused Silk Road administrator Ross Ulbricht, they were not revealed during the proceedings.

Ulbricht, sentenced to life without parole for running the darknet marketplace, unsuccessfully appealed against his conviction in 2016, citing “improprieties and abuses”. He remains incarcerated with dwindling legal avenues, and his family claim to have received unfair treatment as Ulbricht was transferred interstate without notice.

Should the corrupt Silk Road agents receive even longer sentences? Let’s hear your thoughts.

Images via Wikipedia, NY Daily News

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