Friday 29 May 2015
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…
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