Ex-Federal Agent Faces 20 Years in Prison for Bitcoin Theft

By September 2, 2015Bitcoin Business

Shaun Bridges, former US agent for the Drug Enforcement Administration plead guilty on August 31 to charges of wire fraud and money laundering. Bridges will be sentenced by a judge in December and faces a maximum 20 years in prison and US$250,000 fine.

Bridges, 33, appeared in a San Francisco Federal Court admitting to extortion, moving US$800,000 in bitcoin under his possession along with obstruction of justice in the Silk Road case. After this news, […]

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