In a storyline made for the movies, a former U.S. Drug Enforcement Administration (DEA) agent has plead guilty to extortion, money laundering and obstruction of justice for his part in stealing Bitcoins from black market bazaar Silk Road.
The Silk Road operated for over two years before it was raided and shut down. During its time, the site and its owner generated over $200 million in sales, most of which came from drug and weapons sales. Ross Ulbricht was charged and convicted of creating and running the marketplace, and will now spend the rest of his life in prison.
Carl Force, the former agent, will be sentenced in October. Force's plea follows that of former Secret Service agent Shaun Bridges, who also stole Bitcoins from Ulbricht and the Silk Road during their investigation.
Force, pretending to be a drug dealer, extorted a $50,000 payment from Ulbricht during the investigation and never reported it to the DEA. He also offered Ulbricht information about the investigation for another payment of $100,000.
Source:
Reuters
Carl Force, the former agent, will be sentenced in October. Force's plea follows that of former Secret Service agent Shaun Bridges, who also stole Bitcoins from Ulbricht and the Silk Road during their investigation.
Force, pretending to be a drug dealer, extorted a $50,000 payment from Ulbricht during the investigation and never reported it to the DEA. He also offered Ulbricht information about the investigation for another payment of $100,000.
Source:
Reuters
