Patrick Steven Yaroch, a 37-year-old former FBI agent, admitted to stealing $2,474,380.66 in cryptocurrency by using his access to the agency’s systems. The scheme involved roughly 100 fraudulent transfers from at least 79 wallets, including wallets belonging to victims, suspected criminals and two unidentified adversarial nation-states. Yaroch then converted and moved the funds across different cryptocurrencies and services to conceal their origins, using part of the proceeds to repay debts and prepare for relocation to Portugal. After pleading guilty to wire fraud and money laundering, he agreed to pay at least $2.4 million in restitution and forfeit assets connected to the scheme, with sentencing scheduled for March 4, 2027.
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