Secret Service Agent Sentenced in Online Currency Theft

A federal judge on Monday sentenced a former Secret Service agent to nearly six years in prison following his conviction on charges related to the theft of electronic currency during a high-profile investigation into the online drug bazaar Silk Road.
Secret Service Agent Sentenced in Online Currency Theft
Josh Dratel, attorney for Ross William Ulbricht, speaks to reporters outside Manhattan Federal court, Wednesday, Feb. 4, 2015, in New York. Ulbricht was convicted on Feb. 4 of creating and operating an underground website that prosecutors said enabled drug dealers around the world to reach customers they would never find on the street. AP Photo/Mary Altaffer
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SAN FRANCISCO—A federal judge on Monday sentenced a former Secret Service agent to nearly six years in prison following his conviction on charges related to the theft of electronic currency during a high-profile investigation into the online drug bazaar Silk Road.

Shaun Bridges’ attorneys had sought a three-year prison term, but U.S. District Judge Richard Seeborg said Bridges’ behavior was a “shocking and reprehensible abandonment of his public duty.”

“This to me is an extremely serious crime consisting of the betrayal of public trust by a federal law enforcement agent,” Seeborg said before issuing the 71-month prison sentence. “And from everything I see, it was motivated entirely by greed.”

Bridges, who prosecutors said had previously spent time protecting the president’s family, pleaded guilty in August to money laundering and obstruction charges and acknowledged stealing $820,000 worth of bitcoin after getting access to Silk Road, the multimillion-dollar marketplace for illegal drugs and other contraband.

Bridges was part of a task force investigating Silk Road. Prosecutors said in court Monday that Bridges then tried to pin the theft on a witness who was cooperating with the investigation, prompting Silk Road founder Ross Ulbricht to take out hits on the witness’ life.