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Unfortunately, many scholarship scams look and sound like legitimate scholarship opportunities at first. Individuals and organizations suspected of perpetuating scholarship scams are held accountable under the Scholarship Fraud Prevention Act of 2000 and convictions carry stiff financial penalties as well as jail time.
Crooked Agent Caught Again: Lyn Ulbricht Speaks Out. According to recent Silk Road court documents unsealed on June 30, the corrupt special agent Shaun Bridges stole an extra $700,000 USD worth of Bitcoin that authorities were initially unaware of. The funds were hijacked after he was caught red-handed manipulating the case and barred from the investigation.