Ex-Secret Service agent who stole $800,000 in bitcoin

Ex-secret service agent who stole $800,000 in bitcoin newly arrested

This is an automatic summary, original reduced by 52%.
Shaun Bridges, a former secret service agent who was part of the investigation into the now-defunct dark website Silk Road - but who was subsequently prosecuted for stealing $800,000 in the online crypto-currency bitcoin from the site - has been arrested at his home in Laurel, Maryland, the day before he was scheduled to hand himself in to begin his prison sentence.
The web of corruption surrounding the Silk Road investigation was nothing short of breathtaking.
Along with an undercover agent with the Drug Enforcement Agency, Carl Force, Bridges was involved in the investigation into "Dread Pirate Roberts", the mysterious figure behind Silk Road. Force was in communication with the Roberts account under the alias "Nob".
The Force and Bridges affair was to prove a humiliating coda for the government, leading attorneys for Ulbricht to say that corruption "Pervaded the investigation of Silk Road".
Force, using the other aliases "French Maid" and "Death From Above", used the knowledge gleaned during the investigation to extort hundreds of thousands of dollars worth of bitcoin from Ulbricht.
He used "Nob" - who was really Force - to procure the murder-for-hire for which he was eventually convicted, and Force, Green, and Bridges faked Green's death.
Summary Source | FAQ | Theory | Feedback | Top five keywords: investigation#1 Force#2 Road#3 bitcoin#4 Silk#5
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Secret Service agent Shaun Bridges's 2016 re-arrest due to post-plea theft of $720k in bitcoins & preparations to flee

You may have wondered why Bridges was re-arrested back in January 2016 or so, given that he had already been busted for his thefts in cahoots with Carl Mark Force IV, pled guilty, and had been sentenced. It gets even stranger: the Secret Service had left Bridges in charge of $700k+ in bitcoins but didn't move the coins even after he was being prosecuted, despite being told of the danger and agreeing to move them. (Indeed, when the coins were stolen in July 2015, it took until December 2015 until anyone noticed, according to exhibit B pg20.) You might think that as Bridges was facing years in jail already with his plea bargain, he would be sure not to commit any crimes while still a free man.
Moustache discovers recently unsealed filings that show - nope!
The exhibits also feature a demonstration of Blockchain.info's SharedSend being broken, and brings to light a new SR1 bust of the money-exchangers JumboMonkeyBiscuit.
submitted by gwern to SilkRoad [link] [comments]

The Silk Road Saga Continues, Shaun Bridges May Have Stolen More Bitcoins!

The Silk Road Saga Continues, Shaun Bridges May Have Stolen More Bitcoins! submitted by knight222 to btc [link] [comments]

Ex-Secret Service agent and Silk Road thief Shaun Bridges accused of stealing more bitcoin

Ex-Secret Service agent and Silk Road thief Shaun Bridges accused of stealing more bitcoin submitted by e-ok to Bitcoin [link] [comments]

[Tech] - Shaun Bridges, disgraced Secret Service agent, pleads guilty to second bitcoin heist | Washington Times

[Tech] - Shaun Bridges, disgraced Secret Service agent, pleads guilty to second bitcoin heist | Washington Times submitted by AutoNewspaperAdmin to AutoNewspaper [link] [comments]

[Tech] - Shaun Bridges, disgraced Secret Service agent, pleads guilty to second bitcoin heist

[Tech] - Shaun Bridges, disgraced Secret Service agent, pleads guilty to second bitcoin heist submitted by AutoNewsAdmin to TWTauto [link] [comments]

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ata-href-url= submitted by BitcoinAllBot to BitcoinAll [link] [comments]

The Silk Road Saga Continues, Shaun Bridges May Have Stolen More Bitcoins!

The Silk Road Saga Continues, Shaun Bridges May Have Stolen More Bitcoins! submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Ex-Secret Service agent and Silk Road thief Shaun Bridges accused of stealing more bitcoin /r/Bitcoin

Ex-Secret Service agent and Silk Road thief Shaun Bridges accused of stealing more bitcoin /Bitcoin submitted by BitcoinAllBot to BitcoinAll [link] [comments]

el="" >Ex-Secret Service agent and Silk Road thief Shaun Bridges accused of stealing more bitcoin /r/btc

el=Ex-Secret Service agent and Silk Road thief Shaun Bridges accused of stealing more bitcoin /btc" title="el="" >Ex-Secret Service agent and Silk Road thief Shaun Bridges accused of stealing more bitcoin /btc" /> submitted by BitcoinAllBot to BitcoinAll [link] [comments]

el="" >The Silk Road Saga Continues, Shaun Bridges May Have Stolen More Bitcoins! /r/btc

el=The Silk Road Saga Continues, Shaun Bridges May Have Stolen More Bitcoins! /btc" title="el="" >The Silk Road Saga Continues, Shaun Bridges May Have Stolen More Bitcoins! /btc" /> submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Ex-Secret Service agent and Silk Road thief Shaun Bridges accused of stealing more bitcoin

Ex-Secret Service agent and Silk Road thief Shaun Bridges accused of stealing more bitcoin submitted by e-ok to btc [link] [comments]

Shaun bridges actually stole more #bitcoin Gemini makes very competitive fee structure. Ethereum rises 13%

submitted by cryptocompare to cryptocompare [link] [comments]

Silk Road Investigator Shaun Bridges To Plead Guilty After Allegedly Stealing $820K In Bitcoin From Drug Market

Silk Road Investigator Shaun Bridges To Plead Guilty After Allegedly Stealing $820K In Bitcoin From Drug Market submitted by rotoreuters to betternews [link] [comments]

Silk Road cop Shaun Bridges gets 71 months in jail for stealing bitcoins from dark web drug site

Silk Road cop Shaun Bridges gets 71 months in jail for stealing bitcoins from dark web drug site submitted by rotoreuters to betternews [link] [comments]

In the news • Bitcoin thief - Shaun Bridges - arrested Jan-28-2016

submitted by btcforumbot to BtcForum [link] [comments]

Bitcoin crime news: Shaun W. Bridges gets sentence, Yuri Lebedev indicted

Bitcoin crime news: Shaun W. Bridges gets sentence, Yuri Lebedev indicted submitted by saracon to Bitcoin [link] [comments]

Define Idiot: Former Fed Shaun Bridges (Admits Stealing 800K In Bitcoin)

Define Idiot: Former Fed Shaun Bridges (Admits Stealing 800K In Bitcoin) submitted by coincrazyy to BitcoinAll [link] [comments]

Define Idiot: Former Fed Shaun Bridges (Admits Stealing 800K In Bitcoin)

Define Idiot: Former Fed Shaun Bridges (Admits Stealing 800K In Bitcoin) submitted by dinbits to bitcoinxt [link] [comments]

FBI Agent Admits to Stealing Silk Road Bitcoins Seized by U.S. Marshals

FBI Agent Admits to Stealing Silk Road Bitcoins Seized by U.S. Marshals submitted by JonyRotten to btc [link] [comments]

Who would win: The collective governments of the world or Bitcoin?

Who would win: The collective governments of the world or Bitcoin?
People perceive government as an extremely powerful and effective entity, and this is largely true in many aspects. Government is able to bring tremendous force against many entities to either compel them into submission or even destroy them completely.
But in order to accurately understand the situation, you need to look deeper. Governments are very good at bringing compelling or destructive force against centralized entities. Corporations, organizations, specific individuals, and other governments are all entities that have reason to fear governments based on past evidence.
But what are some areas government is not so good at, or even areas they are exceptionally weak in?
Governments seem to have a rather big problem attacking things that do not have a centralized point to target. The illegal drug market is one such example, certain terrorists organizations are another. Perhaps even the Vietnam War is a display of the difficulties a powerful government has with attacking a distributed or non-centralized entity.
Governments also seem to have great difficulty knowing how to responding to disruptive change preemptively or even in a timely manner with the appropriate counter response. Instead governments seem to respond after a threat becomes clear and does so with a response that is inadequate or even does more damage to itself than doing nothing at all. The government response to 9/11 is a good example of this, with the creation of the TSA which costs that same government over $7 billion/yr.
Also, government just seems to operate in a horribly inefficient manner generally. An entity that creates sinkholes of bureaucracy is especially ill equipped to conserve, adjust, and survive when resources are constrained or more generally to execute an effective counter strategy efficiently.
We also know that government gets a great deal of its funding through seigniorage, which would quickly be cut off as a revenue source if the dollar were to lose value. If this were to occur, it would put the government in a situation where it's resources are cut off at the very moment they need additional resources to counter attack the monetary threat.
These are all ominous factors for the governments of the world when this inevitable confrontation with Bitcoin finally occurs, but I think there is another perhaps even greater factor that will tilt the scales to the point we can know the outcome of this conflict before it occurs.
When Ross Ulbricht was arrested in a public library it seemed like a great victory for government and a display of their ability to strike decentralized targets (although this was only possible because of Ross' poor OpSec). But in the wake of this arrest, I think we see some very worrying signs for the fate of government. THREE of the agents (Carl Mark Force IV, Shaun Bridges, and a DEA Agent) that were a part of this investigation were charged with criminal activity relating to their efforts to enrich themselves with some of the seized bitcoins. These agencies are not the local corrupt police force, but rather the FBI, Secret Service, and DEA--why would THREE professional and highly-trained agents switch sides and effectively go from acting on behave their government overloards to rabidly and greedily acting in their own individual interest. I would suggest this is because of Bitcoin. When you have a drug bust, generally speaking, most (maybe) of the cash and drugs makes it way through the evidence chain without individual actors siphoning off too much, but with Bitcoin there is no need to launder the cash or sell the drugs, it is just super easy to conceal with much lower risk for the agents getting caught (though not quite low enough for Carl Mark Force IV, it would seem). In any case, Bitcoin seems to have a mysterious power to pull government actors away by tempting them to act in their own self interest. In short, Bitcoin lures government agents into defecting and switching sides to Bitcoin
So what do we expect will happen?
As Bitcoin grows in size governments will eventually move to attack or kill it. They will take this action too late (it's already too late), their action will be ineffective, and their response will eat up their dwindling resources in a time when their revenue stream is being squeezed by the bitcoin-induced fiat devaluation. Among those government uses to lead and implement its response, many of those actors will defect and switch sides to Bitcoin perhaps like how King Louis the XVII kept sending waves of soldiers to arrest Napoleon who had escaped Elba until Napoleon sent him word "please send no more troops, I have enough".
I see Bitcoin vs Governements of the world as a quintessential David vs Goliath event. But like David vs Goliath, if you had looked past the surface and understood the situation correctly, you would have known Goliath was dead the moment David stepped onto the battlefield.
submitted by ztsmart to Bitcoin [link] [comments]

More Prison Time for Ex-Agent in Silk Road Case

OriginalLink: https://www.deepdotweb.com/2017/11/21/prison-time-ex-agent-silk-road-case/
More Prison Time for Ex-Agent in Silk Road Case
Shaun Bridges, the dirty Secret Service agent who had already landed a six-year prison sentence for the theft of $800,000 worth of bitcoins during the Silk Road investigation, just received another two-years for another bitcoin heist.
In March 2015, authorities arrested Shaun Bridges and Drug Enforcement Administration agent Carl Force. Both men had been part of the team behind the investigation and seizure of the Silk Road marketplace. Both men had stolen substantial amounts of bitcoin from the Silk Road and diverted the money into their bitcoin wallets. Bridges later pleaded guilty to both money laundering and obstruction of justice. Force, in turn, pleaded guilty to money laundering, extortion, and obstruction of justice.
The Department of Justice settled upon a 71-month sentence for Bridges and an 87-month sentence for Force. Bridges also agreed to forfeit $500,000 to the U.S. government. “I’ve lost a lot,” Bridges allegedly told the court. “I’ve accepted responsibility…I just [want] to apologize to everybody.”
However, Bridges had not ended his desperate attempt to keep bitcoin from the government (or from the original owners). Before serving any prison time, the corrupt agent managed to divert “government-owned” bitcoin to wallets under his control. The former Secret Service agent had stolen the current equivalent of $11.3 million in bitcoin.
The incident came out of nowhere. News about the agent had dulled to a whisper. Then, on January 28, federal agents raided the 35-year-old disgraced agent’s house one day before he was scheduled to surrender himself to the prison system for intake.
The authorities claimed Bridges had posed a serious flight risk and reported finding items such as passports and packed travel bags during the raid. U.S. District Judge Richard Seeborg had already banned Bridges from leaving the country or changing his name; the court had given the man temporary freedom but acknowledged the significant flight risk he posed.
Later documents revealed that Bridges had used his former Secret Service position to access the private key associated with a government bitcoin wallet. The wallet had contained (at least) 1,600 bitcoins linked to a 2014 bitcoin exchange investigation. He transferred the bitcoins to multiple wallets under his control.
Bridges admitted to the bitcoin theft and signed a plea agreement that imposed a sentence of 24-months in prison for one count of money laundering. “Bridges was also ordered to forfeit approximately 1,500 bitcoin and other fiat currency, which is currently valued at approximately $10.4 million,” the Department of Justice press release added.
submitted by ThePharmaInitiative to DNMBusts [link] [comments]

Secret Service Agent Gets More Time For Bitcoin Theft During Silk Road Probe Shaun Bridges - Paying The Toll Former U.S. Secret Service Agent Sentenced in Bitcoin Theft Case The Truth About Ross Ulbricht's Appeal The Derrick J - YouTube

Shaun Bridges is a former United States Secret Service agent who kept and sold $820,000 worth of bitcoins he stole from Ross Ulbricht and the Silk Road. Bridges pleaded guilty on September 1, 2015. References ↑ "US federal agent investigating Silk Road admits $800,000 bitcoin theft". The Guardian. 1 September 2015. Shaun Bridges, the 35-year-old Secret Service agent from Baltimore who was sentenced to 71 months in prison in 2016 for stealing over $800,000 in Bitcoin during a government investigation into Shaun Bridges, 35, the 1,500 Bitcoin turned over as part of Bridges‘ latest plea were worth roughly $11.3 million as of Tuesday’s sentencing. Shaun Bridges was prosecuted for the theft of $800,000 in bitcoin. Photograph: George Frey/Getty Images Former Federal Agents Charged With Bitcoin Money Laundering and Wire Fraud. (DEA), and Shaun W. Bridges, 32, of Laurel, Maryland, was a Special Agent with the U.S. Secret Service (USSS). Both were assigned to the Baltimore Silk Road Task Force, which investigated illegal activity in the Silk Road marketplace.

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Secret Service Agent Gets More Time For Bitcoin Theft During Silk Road Probe

A (USA/UK) XYO Network Interview with Shaun Moo about Coin, XYO Network and finding a piece of an Easter Egg, The Matrix and Community Building. Check out Shaun's Channel and Subscribe here https ... A former U.S. Secret Service agent received a 71-month prison sentence on Monday for diverting to his personal account over $800,000 worth of bitcoins during an investigation into online drug ... A Secret Service agent sentenced to nearly six years in prison for stealing bitcoins during a probe into the online drug marketplace Silk Road got two more years added to his sentence. According ... one of my songs i have wrote,hope you enjoy,like comment and subscribe :) Former Secret Service agent Shaun Bridges confessed that as part of the team investigating the Silk Road anonymous drug market he had secretly stolen around $800,000 worth of bitcoins from the ...

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