Ross Ulbricht May Face Life in Prison for Alleged Silk Road Activity
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.....
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A year on from the arrest of Silk Road's alleged founder, CoinDesk takes a look at the life of Lyn Ulbricht, mother of accused Silk Road leader Ross Ulbricht. For Lyn Ulbricht, mother of alleged Silk Road ringleader Ross William Ulbricht, it's been an intense year. It's 1st October 2014, 365 days after her son was taken into custody by federal agents at a San Francisco public library, brought to prison and paraded on magazines. To Lyn, the day is the dawn of a different lifetime. One year later, Lyn is upbeat, sounding energetic at times, exhausted at others, prone to long sighs though....
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....
The alleged leader of the former Silk Road online drug marketplace Ross Ulbricht (also known as D. P. R., Dread Pirate Roberts) has been formally indicted on charges relating to drugs, money-laundering, and a charge of running "criminal enterprise". If convicted, Ulbricht faces a minimum of 30 years in prison, and maximum sentence of life in prison. Defense attorney Joshua Dratel will be representing Mr. Ulbricht in attempt to prove that he is not the alleged ringleader of the Silk Road operation - closed down in late 2013. "Ross will be pleading not guilty at the arraignment. The....
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....
Ross Ulbricht, the alleged mastermind behind the only online drug marketplace, has been convicted of running Silk Road under the name Dread Pirate Roberts. He faces life in prison. Ross Ulbricht, 30, who refused to testify in his own defense, was convicted of all seven crimes he was charged with, including including trafficking drugs on the Internet, narcotics-trafficking conspiracy, running a continuing criminal enterprise, computer-hacking conspiracy and money-laundering conspiracy. The verdict came after little more than three hours of deliberations from the jury. The jury consisted of....