31 Mar '15, 5pm

Charges say crooked feds used Bitcoin as a license to steal

Yesterday, the bitcoin world got some shocking news. Two undercover agents are being charged with a massive corruption scheme as part of their work investigating the Silk Road. While they were working to catch the Dread Pirate Roberts, they were also funneling thousands of bitcoin into private accounts. The affidavit is a remarkable journey through half-a-dozen different extortion schemes and confidence games, played out in the background of one of the biggest investigations the Bitcoin world has ever seen. From selling information to outright extortion and theft It's worth reading the entire thing if you have the time, but even the short version is pretty shocking. The complaint names two undercover agents, Secret Service agent Shaun Bridges and DEA agent Mark Force, who are accused of funneling millions of dollars into private bitcoin accounts, which were never reported ...

Full article: http://www.theverge.com/2015/3/31/8320033/bitcoin-force-b...

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