BREAKING NEWS

Former US Secret Service agent pleads guilty in Bitcoin theft

By REUTERS

SEPTEMBER 1, 2015 02:27

A former US Secret Service agent pleaded guilty on Monday to diverting to his personal account over $800,000 worth of bitcoins during an investigation into online drug marketplace Silk Road.

Shaun Bridges, 33, appeared in federal court in San Francisco and admitted to money laundering and obstruction of justice.

Silk Road operated for more than two years until it was shut down in October 2013, generating more than $214 million in sales of drugs and other illicit goods using bitcoins, prosecutors said.

Ross Ulbricht, Silk Road's creator, who authorities say used the alias "Dread Pirate Roberts," was sentenced to life in prison in May after a federal jury in Manhattan found him guilty of several charges, including distributing drugs through the Internet.

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