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0.70%Judge Orders Corrupt DEA Agent to Forfeit Stolen Bitcoin
Former federal agent Carl Force IV has been ordered to forfeit hundreds of bitcoins to the US government.
A US district judge has signed a court order mandating a Drug Enforcement Agency (DEA) agent arrested in connection with the Silk Road investigation forfeit hundreds of bitcoins to the federal government.
On 9th July, US District Judge Richard Seeborg approved the preliminary order against Carl Force IV, requiring the surrender of roughly 690 bitcoins. The order will be finalized at the time of sentencing.
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Force, who plead guilty to extortion, money laundering and obstruction of justice charges earlier this month after being arrested in the spring, was one of two agents accused of illegally handling bitcoins during the US government's investigation of the now-defunct dark market.
The forfeited amount includes $13,045 in bitcoin held in a BTC-e account, $17,759.06 used in connection with Engedi LLC, a cryptocurrency venture previously cited in court documents, and $65,658.51 held in an E-Trade account.
The order also approved a $500,000 money judgment against Force.
The announcement follows the news that Shaun Bridges, the Secret Service agent who allegedly stole hundreds of thousands of dollars in bitcoin during the investigation, had agreed to a plea deal with federal prosecutors.
The full court order can be found below:
Legal image via Shutterstock
Stan Higgins
A member of CoinDesk's full-time Editorial Staff since 2014, Stan has long been at the forefront of covering emerging developments in blockchain technology. Stan has previously contributed to financial websites, and is an avid reader of poetry.
Stan currently owns a small amount (<$500) worth of BTC, ENG and XTZ (See: Editorial Policy).
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