Fmr. Federal Agents From Md. Charged With Bitcoin Money Laundering, Wire Fraud

CBS Baltimore

SAN FRANCISCO (AP) — Two former federal agents were charged with fraud in the theft of digital currency during an investigation into an online black market known as Silk Road that let users buy and sell drugs and other illegal items, authorities said Monday.

Former U.S. Secret Service special agent Shaun W. Bridges, 32, of Laurel, Maryland, appeared in federal court in San Francisco but didn’t enter a plea.

He has been charged with wire fraud and money laundering. He was later released on $500,000 unsecured bond. His attorney, Steven Levin, declined to comment.

Bridges is accused of diverting more than $800,000 in digital currency to his personal account after gaining control of the funds during the investigation.

The complaint alleges that Bridges placed the assets into a now-defunct digital currency exchange in Japan then wired funds into one of his personal investment accounts in the U.S.

The criminal complaint…

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