Shaun Bridges to Plead Guilty for Theft of Silk Road Bitcoins

Shaun Bridges, accused of embezzling $820,000 worth of bitcoin from Silk Road during its investigation, has reached a plea deal

Former Secret Service agent Shaun Bridges, accused of embezzling $820,000 worth of bitcoin from online drug marketplace Silk Road during its investigation, has reached a plea deal with prosecutors.

According to court filings, he is scheduled to submit his guilty plea on August 31. He is charged with money laundering and obstruction of justice. Former Drug Enforcement Agent (DEA) Carl Force has also scheduled a hearing for August. He is also accused of pocketing bitcoins during the investigation, as well abusing his credentials to pocket more from other Bitcoin businesses.

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Bridges allegedly used the credentials taken from an arrested Silk Road employee, Curtis Green, to transfer $820,000 worth of bitcoin to his personal account on Mt. Gox, and from there, to a Fidelity account.

Court documents indicate that he unlawfully carried out eight bank transfers of approximately $100,000, plus another two totaling over $250,000, between March 2013 and June 2014.

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Bridges’ attorney Steve Hale Levin told Bloomberg in an interview:

“Mr. Bridges has regretted his actions from the very beginning. His decision to plead guilty reflects his complete acceptance of responsibility and is another step towards rehabilitation.”

The theft reportedly triggered “Dread Pirate Roberts” (DPR), Silk Road’s mastermind, to order a murder-for-hire against Green, whom he apparently accused of stealing the bitcoins. The alleged plot was used by prosecutors to prove the extent of DPR’s willingness to protect his criminal enterprise. Ross Ulbricht was convicted as DPR earlier this year, and sentenced to life in prison, without the possibility of parole, three weeks ago.

Bridges also allegedly harassed a number of bitcoin businesses, ostensibly to get his hands on more bitcoins, although he has not been formally charged in these incidents.

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