Key facts
- Patrick Steven Yaroch, 37, admitted to wire fraud and money laundering, the US Attorney's Office said.
Patrick Steven Yaroch, a former FBI counterintelligence agent, admitted to wire fraud and money laundering for stealing almost $2.5 million in cryptocurrency, the US Attorney's Office for the Eastern District of Virginia said on November 5. The office said Yaroch made about 100 fraudulent transfers tied to 35 FBI investigations, gaining $2,474,380.66, and faces up to 20 years in prison at sentencing on March 4, 2027.
Yaroch admitted taking $2,474,380.66 from wallets tied to FBI investigations, and the US Attorney's Office said his actions compromised probes into criminal groups and adversarial nations. He faces up to 20 years in prison at sentencing on March 4, 2027.
Patrick Steven Yaroch, 37, admitted to wire fraud and money laundering after stealing almost $2.5 million in cryptocurrency from wallets tied to adversarial nations and to FBI investigations, Cointelegraph reported on November 7, citing a US Attorney's Office release for the Eastern District of Virginia issued on November 5.
The US Attorney's Office said Yaroch used his investigative positions and access to FBI systems to take the cryptocurrency, then exchanged and laundered it through financial transactions meant to conceal its source and ownership. It said he made about 100 fraudulent transfers related to 35 FBI investigations and gained $2,474,380.66 in proceeds.
Yaroch had earlier admitted to unauthorized transfers involving about $1 million in digital assets, Cointelegraph reported in August. According to the statement, he paid off his debts and intended to use the proceeds to finance a new life in Portugal, where he planned to buy a vineyard.
The former agent admitted his actions had compromised FBI investigations related to criminal groups and adversarial nations. He faces up to 20 years in prison, with sentencing set for March 4, 2027.
Pick the topics you care about. Get only what matters, on your cadence.