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Breaking News: Raydium DEX's AMM Program Exploited For $1.34 Million — Here's What Went Wrong

Dread Pirate Roberts Walks Plank; Ross Ulbricht Given a Guilty Verdict

NewsBTC
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Last Updated: October 7, 2020 11:35 am
2 mins read

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Following the three week trial of Ross Ulbricht, the alleged drug kingpin behind the Silk Road underground marketplace has been found guilty on all counts.

January witnessed Ulbricht’s lawyer Joshua Dratel battling prosecutor Timothy Howard through any means necessary, despite the heavy evidence continually mounting against his client, the defendant now pinned as DPR.  At one point, Dratel even thought it would be smart to point the finger at Mark Karpeles, the former CEO of doomed bitcoin conglomerate Mt. Gox and suggest that he was the real culprit behind Silk Road, but ultimately all attempts to divert attention and guilt failed.

Ross Ulbricht Hiking LG WD

Earlier on Wednesday, the jury deliberated for only mere hours, and upon their return to the court, they seemed to have no qualms labeling Ulbricht as the real Dread Pirate Roberts and the operator of Silk Road.

The two biggest burdens to Ulbricht’s post-trial freedom came in the forms of FBI special agent Ilhwan Yum and IRS special agent Gary Alford.  Yum was able to trace almost 4,000 bitcoin transactions and over 700,000 bitcoins over a year-long period from Silk Road servers to Ulbricht’s personal computer.  Overall, over $13 million in bitcoin from the Silk Road marketplace was traced directly to Ulbricht’s laptop.

Special agent Gary Alford commented that Ulbricht did not do a particularly good job when it came to concealing his identity, and was able to link one of his aliases, ‘altoid,’ to Ulbricht via the popular cryptocurrency forum, Bitcointalk.  The forum held the first user mention of the term “Silk Road.”  The post was written by someone with the alias ‘altoid,’ and Alford was able to link the alias to the email address rossulbricht@gmail.com.  The post advertised a job opening for an IT specialist “to be the lead developer in a venture backed bitcoin start-up company.”

There were also transcripts regarding alleged murder-for-hire plots instigated by Ulbricht, although currently there is no evidence that these crimes took place and Ulbricht is not facing related charges in New York where his trial occurred.

Ulbricht is currently scheduled for sentencing on May 15th.

Images from DoJ.

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Comments 2

  1. Renioctib says:
    11 years ago

    When will the US Government be brought to trial for their war mongering ways or their US Marshall service be brought to trial for their sale of illegal gains? Or Draper for buying Bitcoin stolen from Silk Road? When will Google be brought to trial for their browsers that support pedofiles, murderers, spying and fraud? When will the Federal Reserve be brought to trial for handing sixteen trillion dollars over to the central bankers? It’s on public record.. “The Federal Reserve was secretly throwing around our money in unprecedented fashion, and it wasn’t just to the usual suspects like Goldman Sachs, JP Morgan, Citigroup, Bank of America, etc.; it was to the entire Global Banking Cartel. To central banks throughout the world: Australia, Denmark, Japan, Mexico, Norway, South Korea, Sweden, Switzerland, England … We are talking about trillions of dollars secretly pumped into global banks, handpicked by a small select group of bankers themselves. All for the benefit of those bankers, and at the expense of everyone else.”

    Reply
  2. Joseph Slabaugh says:
    11 years ago

    They need to appeal this case.

    Reply

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Comments 2

  1. Renioctib says:
    11 years ago

    When will the US Government be brought to trial for their war mongering ways or their US Marshall service be brought to trial for their sale of illegal gains? Or Draper for buying Bitcoin stolen from Silk Road? When will Google be brought to trial for their browsers that support pedofiles, murderers, spying and fraud? When will the Federal Reserve be brought to trial for handing sixteen trillion dollars over to the central bankers? It’s on public record.. “The Federal Reserve was secretly throwing around our money in unprecedented fashion, and it wasn’t just to the usual suspects like Goldman Sachs, JP Morgan, Citigroup, Bank of America, etc.; it was to the entire Global Banking Cartel. To central banks throughout the world: Australia, Denmark, Japan, Mexico, Norway, South Korea, Sweden, Switzerland, England … We are talking about trillions of dollars secretly pumped into global banks, handpicked by a small select group of bankers themselves. All for the benefit of those bankers, and at the expense of everyone else.”

    Reply
  2. Joseph Slabaugh says:
    11 years ago

    They need to appeal this case.

    Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

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