Silk Road's BTCKing is Sentenced to Four Years in Prison
Robert Faiella, whose online alias was "BTCKing," who worked for Silk Road as an underground Bitcoin currency exchange agent, was sentenced today to four years in prison. This was announced by Preet Bharara; the United States Attorney for the Southern District of New York. The sentence was for his part in aiding and abetting the transmission of nearly $1 million in Bitcoins intended for drug trafficking on "Silk Road." At his hearing in September of last year, Faiella did plead guilty before U. S. District Judge Rakoff, who issued this sentence to Faiella. BTCKing was the main Bitcoin....
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28-year-old Brian Farrell aka “DoctorClu”, a senior admin and second-in-command on Silk Road 2.0, the copycat clone of the original underground darknet website Silk Road was sentenced to eight years in prison. DoctorClu, the right-hand man to Silk Road 2.0 chief Blake Benthall aka “Defcon” and second-highest admin at Silk Road 2.0 was sentenced to 8 years in prison after pleading guilty to one count of distribution of cocaine, heroin and methamphetamine. Brian Farrell, plead guilty in March 2016 and his plea was accepted the following month. The charge carries a minimum sentence of five....
Things are really starting to heat up regarding the Silk Road marketplace (as if things already weren't hot enough). Following the start of Ross Ulbricht's trial last week, a bitcoin trader has been sentenced to four years in prison due to his unveiled connections to the underground illegal market. Robert M. Faiella (who often operated under the code name "BTCKing") has recently pled guilty to operating an illegal money transmission business. Often times, the business saw to the exchange of fiat currency for bitcoins, which would then be used to purchase drugs and other items from Silk....
Robert M Faiella, the bitcoin trader charged alongside BitInstant CEO Charlie Shrem, has been sentenced to four years imprisonment in New York. Faiella, otherwise known as 'BTCKing', pleaded guilty to operating an illegal money transmission business after he exchanged fiat currency for bitcoins that were then used to buy drugs on the Silk Road marketplace. According to a Bloomberg report, Faiella said: "At the time of the event, I saw no other way ... it still doesn't mitigate that I broke the law." Faiella, a 53 year-old Florida native, is a former plumber who claimed he had turned to the....
Former U. S. federal agent Carl Force has been sentenced to 78 months in prison. The sentence is substantially more than the four years of prison time sought by his attorneys while less than the 87-month prison sentence requested by U. S. prosecutors. After pleading guilty to bitcoin theft and extortion during the government investigation of dark web drug marketplace Silk Road, rogue federal agent Carl Force IV has been sentenced to six and a half years in prison after admitting to charges of money laundering, extortion and obstruction of justice. Force's defense claimed mental health....
This Friday Ross Ulbricht, the creator of the underground black market Silk Road, was sentenced to life in prison after making a plea for leniency. Silk Road was an unregulated online marketplace where buyers could buy drugs by paying with Bitcoin. Ross was convicted last February on seven charges going from drug trafficking to money laundering and he could have been sentenced to only 20 years, but U. S. District Judge Katherine B. Forrest stated she was making an example out of Ross Ulbricht. Ross Ulbricht has been jailed since the moment of his arrest back in October 2013 and never....