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:
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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....
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....
Ross Ulbricht, the 29-year-old alleged founder of the Silk Road, has been sitting in solitary confinement since his arrest in October. Federal prosecutors have identified Ulbricht as Dread Pirate Roberts, the pseudonymous owner of the laissez-faire marketplace that existed on the dark web. Silk Road users were able to do illegal things ranging from buying drugs to hiring assassins by using Bitcoin as payment. The FBI closed down the black market last month and identified Ulbricht as the owner. Ulbricht’s friends and family, seeking his release, have since raised $1 million-plus that they....
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....
Ross Ulbricht will no longer be standing trial on November 10th, 2014 for his alleged part in the Silk Road underground marketplace. Instead, Wired Reporter Andy Greenberg has reported that the trial has been delayed by two months, to January 2015. Ross Ulbricht faces multiple charges of drug trafficking, computer hacking, money laundering, and "continuing a criminal enterprise." The charges are serious to say the least. Silk Road, an infamous Deep Net marketplace billed as "Amazon for drugs," was taken offline by joint government agency action in October of 2013. On that day, the FBI....