Business Blunders

Business Blunders

Confessions Of An FBI Crypto Thief

Prosecutors say agent Patrick Yaroch raided digital wallets. Then his conscience blew his cover.

Al Lewis's avatar
Al Lewis
Aug 08, 2026
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This Week In Blunders – Aug. 2-8

“Who watches the watchmen?” – Juvenal


If you’re going to steal more than $1 million in cryptocurrency, don’t ask AI how to spend it. And don’t confess to your co-workers.

You’d think an FBI supervisory special agent would know that.

Federal prosecutors say Patrick Yaroch didn’t.

According to an affidavit unsealed on Monday, agent Yaroch allegedly used pass phrases that the FBI had obtained during an investigation to siphon cryptocurrency from wallets belonging to an undisclosed overseas target.

Then, after making about a dozen transfers, he allegedly searched ChatGPT for advice on investing $1 million and moving to Europe.

It’s a million dollars. Nobody’s looking. What would you do? (Comic: ChatGPT)

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“If I had a million dollars, how would you suggest investing it/spending it to maximize profit and return,” Yaroch asked ChatGPT in May, according to the affidavit.

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