Insights

Communication and Technology news

Silk Road founder is sentenced to two life terms without parole

29/05/2015

Ross Ulbricht, convicted founder of the Silk Road online drug marketplace, was sentenced by a US federal judge to two life prison (...)
Ross Ulbricht, convicted founder of the Silk Road online drug marketplace, was sentenced by a US federal judge to two life prison terms without parole. He also received several other sentences for convictions on lesser charges and was ordered to forfeit $184 million of the $187 million his site made before it was shut down two years ago. Ulbricht was convicted of trafficking drugs on the internet, and conspiracy for narcotics-trafficking, computer-hacking, money-laundering and running a criminal enterprise which generated some $1.2 billion in illegal bitcoin-based drug transactions. The sentence exceeds the 20-year mandatory minimum for the crimes, despite the defendant’s… This story continues at The Next Web Ross Ulbricht, convicted founder of the Silk Road online drug marketplace, was sentenced by a US federal judge to two life prison terms without parole. He also received several other sentences for convictions on lesser charges and was ordered to forfeit $184 million of the $187 million his site made before it was shut down two years ago. Ulbricht was convicted of trafficking drugs on the internet, and conspiracy for narcotics-trafficking, computer-hacking, money-laundering and running a criminal enterprise which generated some $1.2 billion in illegal bitcoin-based drug transactions. The sentence exceeds the 20-year mandatory minimum for the crimes, despite the defendant’s… This story continues at The Next Web
silkroadfoundersentencedlifeonlineulbrichtconvicteddrugterms

Build your professional online store with one of the more experienced Shopify Partners

More information