Silk Road's Ross Ulbricht Denied Bail, Supporters Aim to Raise $500k for Legal Defence

Silk Road's Ross Ulbricht Denied Bail, Supporters Aim to Raise $500k for Legal Defence

Ross Ulbricht, the alleged founder of online black marketplace Silk Road, has been denied bail. At the 29-year-old's bail hearing yesterday (21st November), defence lawyer Joshua Dratel proposed a bail package of over $1m, pledged by Ulbricht's friends and family. However, after hearing from a Manhattan federal prosecutor, who argued that Ulbricht would try to flee the US, Magistrate Judge Kevin Fox decided to turn down the bail request. Assistant US attorney Serrin Turner also claimed Ulbricht, who is alleged to have gone by the online alias of Dread Pirate Roberts (DPR), might present a....


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Silk Road Founder Ross Ulbricht Denied Bail

Source: YouTube user Ross Ulbricht. An update to a story recently posted on the topic of alleged Silk Road founder Ross Ulbricht. After a bail hearing on the 21st of November, the court decided to not grant Ulbricht bail. Ulbricht's lawyer, Joshua Dratel set before the court the proposition to grant $1 million bail to Ulbricht (an amount pledged by Ulbricht's family and friends). The court decided this wasn't the way to go, particularly after hearing the Manhattan federal prosecutor's case that Ulbricht would try to flee the United States before it was time for his trial. Ulbricht's family....

Over $1 Million Raised for Bail of Alleged Silk Road Owner Ross Ulbricht

Friends and family of Ross Ulbricht have raised more than $1m to pledge as bail money for the release of the alleged Silk Road owner. The 29-year-old was arrested in early October and the FBI closed down the online black market, which was hosted on the so-called 'dark web' and was used to buy and sell drugs, weapons and other illegal goods and services. A letter, dated 19th November, from Ulbricht's defence attorney Joshua Dratel asks Southern District of New York judge Kevin Fox to grant Ulbricht bail at his upcoming hearing, which is scheduled for 21st November at 11:00 ET. The letter....

Silk Road's Ross Ulbricht Gets Over $1 Million Pledged For Bail

Ross Ulbricht - the now infamous operator of the [Bitcoin-based] Silk Road online drug trade - has had over $1 million pledged to use as bail money by friends and family. Ulbricht is currency in a jail pending trial. Ulbricht's parents have apparently pledged $700,000 in equity from their home, his sister has pledged her savings of $36,600, and his aunt $200,000 in home equity. In a letter from Tuesday [19 November 2013], Ross Ulbricht's counsel Joshua Dratal notes that Ulbicht's bail hearing is scheduled for the 21st of November [tomorrow]. The letter also reads:

16,500 Retweets for Cash in Support of Ross Ulbricht

This article has been updated with comments from Roger Ver. Just two days ago, Bitcoin magnate Roger Ver offered to donate $10 for every retweet of his message supporting the Free Ross Ulbricht campaign - which aims to support the man allegedly behind defunct online drug market Silk Road. Now, Ver has announced that the donation limit has been reached. Ulbricht was arrested last year on serious charges relating to the government closure and seizure of Silk Road. However, Ulbricht maintains his innocence and insists he did not violate US law. Following his arrest, Ulbricht's family created....

Site Raising Money To Free Silk Road Owner

Ross Ulbricht, the alleged founder of the notorious Silk Road drug exchange under the online name of "Dread Pirate Roberts", has had his trial date set to November after pleading not guilty in his hearing. Some supporters of Ulbricht have founded a website to try to raise donations for his defense trial which is set in November. Ulbricht is charged with running an illegal drug operation, and attempting to hire someone to kill one of the users in the silk road. freeross.org says they need help with the case and that:"No donation is too small. Credit card, PayPal, bitcoin all work to help....