Ex-FBI Agent Pleads Guilty to $2.47M Crypto Theft

Former FBI agent Patrick Steven Yaroch pleaded guilty to wire fraud and money laundering after admitting he stole cryptocurrency using credentials available through FBI systems. From December 2024 onward, Yaroch carried out about 100 fraudulent transfers tied to 35 separate FBI investigations, generating approximately $2.47 million in illicit proceeds. The scheme involved wallets linked to investigation subjects, adversarial nation-state actors and at least one wallet created by the FBI for an operation , highlighting broader crypto security risks. After moving the cryptocurrency, Yaroch exchanged it into other digital assets and conducted additional transactions intended to obscure its source, ownership and nature.

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