Former Secret Service agent sentenced for corruption in Silk Road investigation

Shaun W. Bridges was one of two corrupt federal agents involved in the Silk Road investigation

A former Secret Service agent was sentenced Monday to 71 months in prison for stealing bitcoins from vendors on the Silk Road, the now-shuttered underground marketplace he was investigating. 

Shaun W. Bridges, 33, of Laurel, Maryland, must also forfeit US$650,000, the U.S. Justice Department said.

Bridges pleaded guilty on Oct. 31 in the U.S. District Court for the Northern District of California to money laundering and obstruction of justice.

He was one of two federal investigators charged with crimes committed during the probe of the Silk Road, which was shut down in October 2013.

Ross Ulbricht, who was accused of being the site's operator, was sentenced to two concurrent life sentences and 40 years in prison. He is appealing.

Bridges had been a special agent with the Secret Service's Baltimore Field Office. He admitted using an administrator account on the Silk Road website to transfer 20,000 bitcoins into his own account in early 2013.

When the bitcoins appreciated, he sold them and deposited $820,000 into personal investment accounts, according to prosecutors.

The second corrupt investigator, former DEA agent Carl Mark Force IV, pleaded guilty in July to money laundering, obstruction of justice and extortion under color of official right.

Prosecutors alleged he used his position to illegally garner $700,000 worth of bitcoins during the course of the Silk Road investigation. He was sentenced in October to 78 months in prison. 

Join the newsletter!

Error: Please check your email address.
Rocket to Success - Your 10 Tips for Smarter ERP System Selection
Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

Jeremy Kirk

IDG News Service
Show Comments


James Cook University - Master of Data Science Online Course

Learn more >




Back To Business Guide

Click for more ›

Most Popular Reviews

Latest Articles


PCW Evaluation Team

Louise Coady

Brother MFC-L9570CDW Multifunction Printer

The printer was convenient, produced clear and vibrant images and was very easy to use

Edwina Hargreaves

WD My Cloud Home

I would recommend this device for families and small businesses who want one safe place to store all their important digital content and a way to easily share it with friends, family, business partners, or customers.

Walid Mikhael

Brother QL-820NWB Professional Label Printer

It’s easy to set up, it’s compact and quiet when printing and to top if off, the print quality is excellent. This is hands down the best printer I’ve used for printing labels.

Ben Ramsden

Sharp PN-40TC1 Huddle Board

Brainstorming, innovation, problem solving, and negotiation have all become much more productive and valuable if people can easily collaborate in real time with minimal friction.

Sarah Ieroianni

Brother QL-820NWB Professional Label Printer

The print quality also does not disappoint, it’s clear, bold, doesn’t smudge and the text is perfectly sized.

Ratchada Dunn

Sharp PN-40TC1 Huddle Board

The Huddle Board’s built in program; Sharp Touch Viewing software allows us to easily manipulate and edit our documents (jpegs and PDFs) all at the same time on the dashboard.

Featured Content

Product Launch Showcase

Latest Jobs

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?