Unchained (unchainedcrypto.com) reports that Patrick Steven Yaroch, a 37-year-old former FBI agent, pleaded guilty on Nov. 5 to wire fraud and money laundering. Prosecutors say that from no later than December 2024 he used wallet credentials accessible on FBI systems to make about 100 fraudulent transfers from wallets linked to 35 FBI investigations, totaling about $2.47 million. The outlet reports that prosecutors say the thefts compromised bureau sources and methods. According to an FBI affidavit cited in the report, Yaroch told FBI headquarters in July that he had made about 10 transfers into a wallet holding roughly $1 million. Judge Patricia Tolliver Giles accepted the plea in the Eastern District of Virginia. Sentencing is set for March 4, 2027, and he faces up to 20 years in prison.
Why it matters
A former FBI agent has pleaded guilty to stealing about $2.47 million in crypto using credentials obtained through FBI investigations. Prosecutors say the thefts hurt several FBI cases and compromised bureau sources and methods.
Convicted: A court found guilt, or the person pleaded guilty. An appeal may still be possible. Researched with AI assistance from the sources listed here and reviewed under our methodology.