Dread Pirate Robert's Lucky Day

So I'm thinking Ross Ulbricht just won the appeal of his conviction.

The federal government became owners of one of the biggest troves of Bitcoin, thanks to seizing millions of dollars in the digital currency from criminals associated with the online black market Silk Road.

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Two federal agents who led the probe allegedly decided they wanted some of the money for themselves, according to a new federal court documents.

...The agents are: Carl Force, 46 years old, of Baltimore, a special agent with the Drug Enforcement Administration, and Shaun Bridges, 32, of Laurel, Maryland, a special agent with the U.S. Secret Service.

Force was a lead agent in the case and was the main investigator communicating with Ulbricht. Force is charged with wire fraud, theft of government property, money laundering and conflict of interest.

Bridges was the computer forensics expert on the case. He is charged with wire fraud and money laundering.

Force allegedly set up fake online personas and tried to extort money from Ulbricht, including once trying to get $250,000 from him in exchange for not providing information to federal investigators, the criminal complaint says.

Using the online persona "French Maid," Force did succeed in getting $100,000 in Bitcoin from Ulbricht, which Force deposited in his personal accounts, the federal complaint says. He later used a series of Bitcoin and personal U.S. dollar transactions, including a $235,000 wire transfer to an account in Panama, to launder the stolen money, prosecutors allege in the complaint.

According to prosecutors, Force also used his position as an executive at a digital currency exchange called CoinMKT, in which he was an investor, to seize accounts of customers. He transferred $297,000 in illegally-seized digital currency to his personal accounts, prosecutors allege in the criminal complaint.

Bridges allegedly stole $820,000, using a series of wire transfers to move Bitcoin that earlier had been stolen from Silk Road in early 2013 and deposited in a Japanese bitcoin exchange Mt. Gox, according to prosecutors. Two days later, Bridges signed the government's warrant to seize millions of dollars in bitcoin from Mt. Gox accounts.

Oooops!

They say it takes a crook to catch a crook. Its well known that a person can't be prosecuted with malice. I'd say extortion constitutes malice. Also law enforcement can not break the law to secure a conviction.

Anyway if Ross Ulbricht's conviction isn't thrown out over this then I'll eat your hat.

Doj Presser is here. The indictment is here (pdf).

Update: After reading the indictment.....


Posted by: Howie at 01:07 PM

Comments

1 Ive got available right now, being exclusively offered, my worldwide financial organizations digital currency - BridgeCoins(tm) which are probably guaranteeded to increase in value 200% per annum - if you can acquire them now and they are surely based on solid assets located in several metropolitan cities in the US.

You probably CANNOT afford to miss this opportunity !!!!

Posted by: ronmcdonard at March 31, 2015 06:29 PM






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