Former FBI Agent Pleads Guilty to Stealing Approximately $2.47 Million in Cryptocurrency

TechFlow reported on November 6 that, according to The Defiant, former U.S. Federal Bureau of Investigation (FBI) agent Patrick Steven Yaroch pleaded guilty on November 5 to wire fraud and money laundering. Prosecutors said he used wallet credentials collected during FBI investigations to steal approximately $2.47 million in cryptocurrency.

Prosecutors said Yaroch used credentials related to 35 separate investigations to make approximately 100 fraudulent transfers. Affected wallets included those of investigative subjects, wallets controlled by hostile state actors, and at least one wallet created by the FBI for an operation. The conduct also compromised multiple investigations and intelligence sources and methods.

Yaroch is scheduled to be sentenced on March 4, 2027, and faces up to 20 years in prison.

Source: TechFlow