Patrick Steven Yaroch, a 37-year-old former FBI agent, pleaded guilty to wire fraud and money laundering after stealing $2.47 million in cryptocurrency. He made about 100 unauthorized transfers using credentials from wallets recovered during 35 FBI investigations, compromising operations involving criminal organizations and foreign adversaries. After joining the Counterintelligence and Espionage Division, he searched FBI records, memorized recovery credentials, transferred the funds to a personal wallet and concealed their origins through conversions and additional transactions. Yaroch planned to invest approximately $1 million and relocate to Portugal, where he empowered lawyers to obtain a tax identification number. The FBI fired him on July 31, while investigators seized about $925,426 in cryptocurrency and $165,582 remaining at Kraken; he faces up to 20 years in prison and is scheduled to be sentenced on March 4, 2027.
Source: Read the original article
