Reactions to Silk Road Operator Ross Ulbricht's Life Sentence
Ross Ulbricht, the convicted founder and operator of online black market Silk Road, was sentenced to life in prison yesterday after being found guilty of narcotics and computer hacking charges in February. The severity of the sentencing quickly set off a firestorm of comment and criticism, with debates centering on the alleged hypocrisy of the federal government and the morality of its handling of illicit Internet crime in context of its actions against the traditional financial sector. Such criticisms, however, were interspersed with live drama, as standing outside of a New York....
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It has been coming for a long time now, but one of the most notorious trials in the history of Bitcoin has come to a conclusion. Silk Road owner and operator Ross Ulbricht has been found guilty on all charges, and will face a lifetime sentence in prison. Any pleas for leniency have fallen on deaf ears, and U.S. District Judge Katherine Forrest has made an example out of Mr. Ulbricht. Anyone with plans to operate an online marketplace with less than legal activities is hereby officially warned. Undermining The Law & Facilitating Criminal Transactions. Despite pleading naivete on his end,....
Judge Katherine Forrest. Ross Ulbricht asked last week U. S. District Judge Katherine Forrest to spare him life in prison, admitting the Silk Road website was a "naive and costly idea" that destroyed his future. The 31-year-old Ulbricht expressed his regrets in a letter to Forrest, who is scheduled to sentence him May 29. Ulbricht faces a mandatory minimum 20 years in prison and a maximum of life. "Silk Road was supposed to be about giving people the freedom to make their own choices, to pursue their own happiness, however they individually saw fit," Ulbricht wrote to Forrest. "What it....
Convicted Silk Road operator Ross Ulbricht faces life in prison at a sentencing hearing tomorrow in New York. The end of the trial comes more than a year and a half after Ulbricht's legal battle with the US government first began. Ulbricht was found guilty in February of narcotics, computer hacking and conspiracy charges in connection with his operation of the Silk Road black market. As reported by Wired, prosecutors asked the court earlier this week that Ulbricht be given "a lengthy sentence" to dissuade other would-be dark market operators. "The court thus has an opportunity to send a....
Here at CryptoCoinsNews we have been following the story of Ross Ulbricht, the alleged leader and criminal mastermind behind Bitcoin-dependent website Silk Road. The website was taken down by federal authorities in 2013, and Ulbricht arrested. The trial is set to begin this week, and the evidence against him has long since been released. Now, the actual charges and potential sentence are revealed, as he looks at life in prison for multiple counts and criminal offenses related to his alleged control of Silk Road. Also read: Judge Rejects Ross Ulbricht's Silk Road Defence On a Technicality.....
Ross Ulbricht has been sentenced to life in prison without the possibility of parole for the operation of Silk Road, the now-defunct online dark market. The sentence was handed down by US District Judge Katherine Forrest in New York today, capping roughly a year and a half-long legal process that saw multiple bitcoin auctions and the shock indictment of two federal agents involved in the investigation. In addition to the prison term, Ulbricht has been ordered to pay nearly $200m. In a 28th May court filing, US prosecutors asked Forrest to require that Ulbricht pay $183,961,921 to the....