Former Federal Agent Shaun Bridges Allegedly Stole Even More Bitcoin

It looks like the corrupt secret service agent Shaun Bridges either wants to get more time in jail or that he is simply too greedy to stop himself even after already being caught.

According to court documents unsealed on Thursday he is now accused of committing further crimes in at least two new instances of Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term theft - the largest of these new cyber heists involves a haul of about $700,000 in BTC.

The secret service agency itself also comes off looking unprofessional from the new information released in court, as it failed to transfer the funds in its custody to a new bitcoin wallet or secure holdings even after knowing that Shaun Bridges was already a cyber criminal. This is even despite the fact that the U.S Justice Department urged them to do so months before, warning that he might have kept a private cryptographic key.

Background

Shaun Bridges pleaded guilty to charges of Money Laundering Money Laundering Money laundering is a blanket term to describe the process by which criminals disguise the original ownership and proceeds of criminal conduct by making such proceeds appear to be derived from a legitimate source.Money laundering is an issue that traverses countless industries and sectors, which includes the financial services space. Though criminal money may be successfully laundered without the assistance of the financial sector, billions of dollars’ worth of criminally derived money are laund Money laundering is a blanket term to describe the process by which criminals disguise the original ownership and proceeds of criminal conduct by making such proceeds appear to be derived from a legitimate source.Money laundering is an issue that traverses countless industries and sectors, which includes the financial services space. Though criminal money may be successfully laundered without the assistance of the financial sector, billions of dollars’ worth of criminally derived money are laund Read this Term and obstruction of justice in the case of the embezzlement of about $800,000 worth of bitcoin from the online drug marketplace Silk Road during its investigation. He reached a plea deal with prosecutors in June 2015 and was eventually sentenced to just 71 months out of a maximum of 20 years in jail.

The agent was re-arrested at his home the day before he was scheduled to hand himself in to begin a prison sentence. The police found bags containing a passport and corporate records for a few offshore entities in Mauritius, Belize and Nevis. Furthermore, officers found secret service bulletproof vests, which had been reported stolen. All these are indications that the ex-agent planned to escape and avoid incarceration.