Silk Road's owner convicted of running online drug marketplace

The suspected mastermind of the online drug emporium Silk Road is facing the prospect of spending the rest of his life in prison after a jury returned a guilty verdict at the end of a four-week trial that revealed a plethora of detail about US investigations into the use of the bitcoin digital currency for drug trafficking and other crimes.

Ross Ulbricht, 30, was convicted on all seven charges which he had faced at Manhattan district court, including drug trafficking, criminal enterprise, aiding and abetting the distribution of drugs over the internet, computer hacking and money laundering.

Country: Global

Domains: IG

Stakeholder: Judicial

Tags: Internet, Silk Road, drug trafficking, computer hacking, money laundering, digital currency, online drug marketplace, conviction, anonymity

Posted on Thursday 5 February 2015

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