Former Motionloft CEO Jonathan Mills has pled guilty to two counts of wire fraud. The San Francisco entrepreneur, who raised funding from Mark Cuban, was arrested by the FBI in February. He admitted to spending "substantial amounts" of his victims' money on "vacations and other entertainment," like that time he hired Grammy-award winner Miguel (above) for a private show and numerous trips to Vegas.

Tim Draper, who sincerely wants to divide California into six smaller states in order to help the aristocracy of Silicon Valley, has won the FBI's seized bitcoin auction. What a world!

The feds might've been clever enough to take down a shadowy internet drug ring, but it still hasn't mastered the email BCC: CoinDesk reports a list of people and companies interested in the US Marshals seized, $18 million Bitcoin auction is now out in the open.

The FBI doesn't care much for the future of cryptocurrency: over $17 million worth of wacky internet money, seized from internet drug barons on the Silk Road, will be dumped via auction. Now's your chance to buy some bargain Bitcoins and feel like you're in a cool crime thriller.

Last Monday, the FBI arrested Ryan Kelly Chamberlain II, a San Francisco-based public relations consultant. In a recently unsealed affidavit, the FBI says Chamberlain allegedly bought "biological agents and lethal toxins" on a darknet site known as Black Market Reloaded, which is similar to Silk Road.

Earlier this week, Bryan Seely, a network engineer and one-time Marine, played me recordings of two phone calls (embedded below.) The calls were placed by unwitting citizens to the FBI office in San Francisco and to the Secret Service in Washington, D.C. Neither the callers nor the FBI or Secret Service personnel who answered the phone realized that Seely was secretly recording them. He used Google Maps to do it.

Jon Mills, who made an armful of enemies through squandered investments in his company Motionloft, is in FBI custody, TechCrunch reports.