Silk Road Operator Ross Ulbricht to Be Sentenced Tomorrow
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....
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Nearly eight months after being sentenced to life in prison for his role in the operation of the now-defunct online black market Silk Road, Ross Ulbricht is seeking a new trial. In a new filing submitted to the US Court of Appeals for the Second Circuit, Ulbricht's defense – which declared its intent to appeal in June – argued that the court hid key evidence, particularly the actions of federal agents Carl Mark Force IV and Shaun Bridges amid the US government's investigation of the Silk Road. The defense also questioned the legality of some of the searches and seizures conducted during....
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....
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:
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....
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,....