Former FBI Agent Admits to $2.47 Million Crypto Theft
Former FBI agent Patrick Steven Yaroch pleaded guilty to wire fraud and money laundering for stealing about $2.47 million in cryptocurrency from wallets tied to 35 federal investigations. Prosecutors say he used FBI records to access credentials and make roughly 100 transfers from at least 79 wallets, including assets belonging to crime victims and linked to foreign adversaries. He moved funds across cryptocurrencies and services, used some for personal expenses, and planned to relocate to Portugal. His conduct may have compromised investigations and intelligence operations. Yaroch agreed to pay at least $2.4 million in restitution and forfeit assets, including SUI and USDC. Each charge carries a possible 20-year maximum sentence; sentencing is scheduled for March 2027.
