Ross Ulbricht, Creator of Silk Road Website, Is Sentenced to Life in Prison

Spectrum

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BGOL Investor
http://www.nytimes.com/2015/05/30/n...d-website-is-sentenced-to-life-in-prison.html

Ross W. Ulbricht, the founder of Silk Road, a notorious online marketplace for the sale of heroin, cocaine, LSD and other illegal drugs, was sentenced to life in prison on Friday in Federal District Court in Manhattan.

Mr. Ulbricht, 31, was sentenced by the judge, Katherine B. Forrest, for his role as what prosecutors described as “the kingpin of a worldwide digital drug-trafficking enterprise.”

He also faced a mandatory minimum 20-year sentence on one of the counts for which he was convicted.

Mr. Ulbricht’s high-tech drug bazaar was novel and full of intrigue, operating in a hidden part of the Internet known as the dark web, which allowed deals to be made anonymously and out of the reach of law enforcement. In Silk Road’s nearly three years of operation, over 1.5 million transactions were carried out on the website involving several thousand seller accounts and more than 100,000 buyer accounts, the authorities have said.

Man Behind Silk Road Website Is Convicted on All CountsFEB. 4, 2015
Transactions were paid for using the virtual currency Bitcoin, and Mr. Ulbricht, operating under the pseudonym Dread Pirate Roberts, took in millions of dollars in commissions, prosecutors said. They said his conviction was “the first of its kind, and his sentencing is being closely watched.”


“He developed a blueprint for a new way to use the Internet to undermine the law and facilitate criminal transactions,” the office of Preet Bharara, the United States attorney for the Southern District of New York, said in a sentencing memorandum this week.

“Using that blueprint,” the office said, “others have followed in Ulbricht’s footsteps, establishing new ‘dark markets’ in the mold of Silk Road, some selling an even broader range of illicit goods and services.”

Mr. Ulbricht, in a letter to the judge, claimed he had created the site not for financial gain but because he had believed “people should have the right to buy and sell whatever they wanted so long as they weren’t hurting anyone else.”

His lawyer, Joshua L. Dratel, in submissions to the judge, argued that the website’s “harm reduction” ethos made it safer than traditional drug dealing on the street.

But prosecutors, in their memo, argued that praising Silk Road for “harm reduction measures” was “akin to applauding a heroin dealer for handing out a clean needle with every dime bag: the point is that he has no business dealing drugs in the first place.”

The government said Silk Road had “dramatically lowered the barriers to obtaining illegal drugs,” and had “provided a one-stop online shopping mall where the supply of drugs was virtually limitless.”

As a result, prosecutors said, “The site enabled thousands of drug dealers to expand their markets from the sidewalk to cyberspace, and thereby reach countless customers whom they never could have found on the street.”

Mr. Ulbricht was convicted in February on charges that included engaging in a continuing criminal enterprise and distributing narcotics on the Internet, each of which carry potential life terms. Prosecutors also alleged that Mr. Ulbricht solicited the murders of people he saw as threats to his operation and that at least six deaths were attributable to drugs bought on the site. The government recommended a sentence “substantially above” the 20-year minimum.

The site was shut down by the Federal Bureau of Investigation after Mr. Ulbricht was arrested in 2013.
 
The Feds wanted that money. The bitcoin wallet was the first place they went.
 
they made an example of his ass.....but....the reason the feds went so hard at him was bc he didn't give over the password to his bitcoin wallet. I heard it was over 80 million and they couldn't crack the password to get at that money in the wallet.
but life for that is a bit harsh. 20 years in the bing would have sufficed. but damn they went hard as hell after his ass.
I heard there is already a silk road 2 and 3 in the works. wonder who is running that shit...they better pay attention.
Feds aint messing around.
 
:smh:

Is there anyway possible to keep the Gov't out of ALL your money affairs w/o going to jail?
 
they made an example of his ass.....but....the reason the feds went so hard at him was bc he didn't give over the password to his bitcoin wallet. I heard it was over 80 million and they couldn't crack the password to get at that money in the wallet.
but life for that is a bit harsh. 20 years in the bing would have sufficed. but damn they went hard as hell after his ass.
I heard there is already a silk road 2 and 3 in the works. wonder who is running that shit...they better pay attention.
Feds aint messing around.
Governments being bullies is nothing new.
 
they made an example of his ass.....but....the reason the feds went so hard at him was bc he didn't give over the password to his bitcoin wallet. I heard it was over 80 million and they couldn't crack the password to get at that money in the wallet.
but life for that is a bit harsh. 20 years in the bing would have sufficed. but damn they went hard as hell after his ass.
I heard there is already a silk road 2 and 3 in the works. wonder who is running that shit...they better pay attention.
Feds aint messing around.

There are many underground networks just like anything else online. Those underground cats hustling on an entire different level. Shit ain't like when they raid the local drug dealer and its a drought.This shit is global where it's virtually impossible to knock the seller through his or her dealings online.
 
I see it as one drug dealer eliminating competition. Self medicating people aren't using the Fed's drugs, so they need to get rid of a distributor that's hurting their business.
 
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Bank of America is laughing their ass off having a beer with Obama. The government would be better off offering his ass a job, on how to deal with crime
 
He was trying to put contracts on people. The feds faked one hit and he put more hits out. His business was tight but he's no gangster.
 
Damn life. He was putting hits out on people? Is that true or just what the prosecution tried to make stick?
 
what crazy is he never actually bought or sold any drugs.

wonder how much time the secret service dude and the dea dude is going
to get for actually committing crimes on there.
 
they made an example of his ass.....but....the reason the feds went so hard at him was bc he didn't give over the password to his bitcoin wallet. I heard it was over 80 million and they couldn't crack the password to get at that money in the wallet.
but life for that is a bit harsh. 20 years in the bing would have sufficed. but damn they went hard as hell after his ass.
I heard there is already a silk road 2 and 3 in the works. wonder who is running that shit...they better pay attention.
Feds aint messing around.

Uncle Sam don't care who you are when it comes to his money!
 
And yet the BIG BANKS get away with A FINE after laundering money for years. :rolleyes:
 
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:lol: Tell meeeeee-eeeeeyyyeeee….
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:smh:

Is there anyway possible to keep the Gov't out of ALL your money affairs w/o going to jail?

dude he set the fuckin pace already,


govt is shitting bricks..


dude anyone can come up with their own money...



this dude as smart as he was, got caught on some real dumb cyber

hoodrat shit..



as far as keeping the govt out your hair and affairs

without going to jail..

sure, but it will cost you about 30 to 40 percent of

your money..

you could move to st kitts...and keep a lil more..
 
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