Ross Ulbricht convicted on all counts for role in running illegal marketplace Silk Road

Ross Ulbricht convicted on all counts for role in running illegal marketplace Silk Road
Ross Ulbricht, who went by the name 'Dread Pirate Roberts' online, has been convicted on all counts for running the illegal, anonymous bazaar, the Silk Road.

The Silk Road underground marketplace allowed users to purchase drugs, buy counterfeit products, and trade child pornography while paying with Bitcoin digital currency.



In just 3 hours of deliberations, the jury found Ulbricht guilty on all seven charges which included 'trafficking drugs on the Internet, narcotics-trafficking conspiracy, running a continuing criminal enterprise, computer-hacking conspiracy and money-laundering conspiracy.'

Prosecutors had alleged that Dread Pirate ran Silk Road from 2011 until its raid in 2013, and that over $200 million in Bitcoins were used to purchase illegal merchandise on the site in that time. Ulbricht was also accused of arranging to murder five people who threatened to expose sellers on the Silk Road.

In his defense, Ulbricht claimed that he was set up to take the blame by former Mt. Gox founder Mark Karpeles. The jury didn't buy it. On Ulbricht's computers they found Silk Road maintenance logs, weekly reports, online chat transcripts and over $13 million worth of bitcoins, which were then traced back to Silk Road.

Ulbricht now faces at least 20 years in prison and potentially life if the judge sentences on the higher range. Ulbricht's attorney says he will appeal.

Source:
BBG


Written by: Andre Yoskowitz @ 5 Feb 2015 0:05
Tags
Silk Road Ross Ulbricht
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  • 3 comments
  • yellowsub

    People in the future will read about this and view it as we view the burning of witches in Salem.

    5.2.2015 10:17 #1

  • bhetrick

    Originally posted by yellowsub: People in the future will read about this and view it as we view the burning of witches in Salem. So you're saying the child porn and drug trafficking is all "make-believe"?

    5.2.2015 11:05 #2

  • hearme0

    Originally posted by yellowsub: People in the future will read about this and view it as we view the burning of witches in Salem. No kidding....only a jackass would diminish the criminality of something like this. Ain't like bustin' peeps for smokin' weed man! GET A CLUE!!!!!!!!!

    This guy sold, exchanged, traded, etc, drugs, weapons, body parts. This shit fuels terror cells and nefarious people that would honestly do the world a favour(as well as a personal favour to me) by dying.

    And Bitcoins.......don't get me started.

    Gotta love the B.S. notion of introducing a nonsense form of currency in an attempt to totally eradicate and/or circumvent the world's main currency.


    As for child porn......OMFG! Anyone that deals is one that the world won't miss if they get "taken out!"

    5.2.2015 18:47 #3

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