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A former NCA official in the UK has been sentenced for stealing 5.9 million US dollars in Bitcoin.
CoinVoice has learned that, according to Cointelegraph, the UK's Crown Prosecution Service stated that former National Crime Agency (NCA) officer Paul Chowles has been sentenced to five and a half years in prison for stealing and spending 50 Bitcoins (currently worth about 5.9 million USD) during the investigation of "Silk Road 2.0."
Silk Road 2.0 is the successor to the original Silk Road, launched a month after the FBI shut down the original Silk Road and arrested its founder, Ross Ulbricht, in October 2013. It was closed by the FBI after operating for a year.
This batch of Bitcoin was originally seized assets from the devices of co-founder Thomas White. Chowles took advantage of his position to launder money through the cryptocurrency mixing service Bitcoin Fog and used a cryptocurrency debit card to spend over $140,000. The police found key evidence on his phone and in his notes, and the Crown Prosecution Service is proceeding with the forfeiture process.