Accused Silk Street Operator Ross Ulbricht Convicted on All Counts

The suspected operator of the underground web site Silk Street was convicted on Wednesday on narcotics and different legal costs for his position in orchestrating a scheme that enabled round $200 million of nameless on-line drug gross sales utilizing bitcoins. Ross Ulbricht, 30, was convicted on all seven counts he confronted by a federal jury in Manhattan, following a intently-watched trial that spilled out of U.S. investigations into using the digital foreign money bitcoin for drug trafficking and different crimes.

After lower than a day of deliberations, the jury of six males and 6 ladies discovered Ulbricht responsible of expenses together with drug trafficking, and conspiracies to commit cash laundering and pc hacking. Ulbricht faces as much as life in jail.

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— Reuters
First revealed February four 2015, 1:19 PM