SAN FRANCISCO—Shaun Bridges, a former Secret Service agent who was investigating the Silk Road drug trafficking website, pled guilty today to charges of money laundering and obstruction of justice.
Bridges' scheme was straightforward and very profitable. After Silk Road admin Curtis Green was arrested in January 2013, he debriefed agents in Baltimore. Bridges took his admin credentials, logged in, and started locking Silk Road drug dealers out of their accounts. He then looted the accounts, grabbing about 20,000 Bitcoins, and put them into his own account.
US District Judge Richard Seeborg read out each of the government accusations against Bridges in court today, and the man responded "yes sir," acknowledging he had committed each of the acts.
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