Ross Ulbricht, founding father of Silk road, Convicted On All charges

A jury these days convicted Ross Ulbricht for being the architect of the infamous deep net market Silk highway.

Ulbricht, 30, was arrested in October 2013, following a lengthy investigation by the FBI. Silk street, a web based market designed to promote medicine and other unlawful items anonymously with bitcoin, used to be shut down quickly thereafter and the bitcoins held through the website’s operators have been confiscated via the division of Justice. (They have been later auctioned off and purchased mainly by means of Tim Draper—the same man who wanted Silicon Valley to be its personal state.)

The jury convicted Ulbricht of all seven counts. prices included money laundering and drug trafficking. Sentencing is scheduled for may, with life in jail a risk for Ulbricht.

Ulbricht had claimed that he had built Silk highway, but he was once not the website online’s notorious ringleader “Dread Pirate Roberts.” Ulbricht’s protection staff claimed during the trial that he was purely the autumn guy for a way more bad legal mastermind. nevertheless, the FBI asserted that when Ulbricht used to be apprehended, he was logged into the Dread Pirate Roberts account.

Jurors were apparently more sure by using the federal prosecutor than Ulbricht’s defense. It took only a matter of hours for the jury to reach its decision.