At Least 20 Years In Prison Awaits Silk Road Founder
Ross William Ulbricht is set to be sentenced Friday after his February Manhattan federal court conviction.
Watch CBS News
Ross William Ulbricht is set to be sentenced Friday after his February Manhattan federal court conviction.
In arguments made by the prosecutor, jurors were told the website, a market for narcotics and other illegal goods, was Ulbricht's passion.
The undercover agents were the first to testify in the case. One described receiving a shipment of heroin mailed from the Netherlands with a German stamp.
Prosecutor Timothy Howard, however, told jurors that the Silk Road website was an online shopping paradise for the sale of dangerous illegal drugs, and that Ulbricht was the kingpin of the digital criminal enterprise.
A California man has been arrested for starting a spinoff version of the shuttered Silk Road website, enabling more than 100,000 people to buy and sell illegal drugs in the last year, authorities announced Thursday.
The feds may have busted Silk Road a year ago, but Sen. Schumer said online drug sales are flourishing.
A Manhattan federal judge presiding over the case against Ross Ulbricht, accused founder of Silk Road, is now the subject of online death threats.
U.S. District Judge Katherine Forrest set the Nov. 3 date as 29-year-old Ross William Ulbricht pleaded not guilty to four charges in a rewritten indictment returned earlier this week.
The top executive of a Manhattan-based Bitcoin company and a Florida Bitcoin exchanger have been charged with conspiring to commit money laundering by selling more than $1 million in Bitcoins to users of the black market website Silk Road, which let users buy illegal drugs anonymously, authorities said Monday.
