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International Business Times UK
International Business Times UK
Politics
Karan Kaushik

Why Was an FBI Agent Charged With Stealing $1 Million in Cryptocurrency?

A former FBI counterintelligence supervisor has been charged after US prosecutors alleged he stole almost $1 million in cryptocurrency from digital wallets that the bureau was monitoring as part of criminal investigations. (Credit: David Trinks/Unsplash)

A former FBI supervisory special agent has been accused of stealing nearly $1 million (£750,000) in cryptocurrency from digital wallets that the bureau was monitoring as part of criminal investigations. According to prosecutors, Patrick Steven Yaroch allegedly exploited his privileged access to move seized assets into accounts he controlled while serving in one of the bureau's most sensitive divisions.

Patrick Steven Yaroch, worked as a supervisory special agent at FBI headquarters in Washington and held Top Secret security clearance. He is accused of using his access to cryptocurrency wallets tied to investigations involving foreign suspects. Prosecutors allege that he transferred funds into accounts under his control before attempting to hide the transactions. He was arrested last week and has since been fired from the FBI.

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