Ross Ulbricht, 31, the accused brain and mastermind behind dark web marketplace Silk Road has been sentenced to life in prison on Friday.
Ulbricht was sentenced in a New York City courtroom by United States District Court judge, Katherine Forrest where he was accused of running an illegal underground platform Silk Road and orchestrating a scheme that enabled more than $200 million of anonymous online drug sales using the digital currency bitcoin, conspiracy to commit drug trafficking, computer hacking and money laundering.
The judge Forrest also ordered Ulbricht to pay a fine of $183.9 million.
[must url=”https://www.hackread.com/paedophiles-traded-child-abuse-images-for-bitcoin/ “]‘Child Abuse Images Sold By Paedophiles For Bitcoin [/must]
Image Source: Reddit
In a letter to the court, Ulbricht urged judge Forrest for leniency but it seems the letter didn’t affect her after all.
“I’ve had my youth, and I know you must take away my middle years, but please leave me my old age,” he said. “Please leave a small light at the end of the tunnel, an excuse to stay healthy, an excuse to dream of better days ahead and a chance to redeem myself in the free world before I meet my maker.”
According to reports, Ulbricht requested Judge Forrest to spare him a life sentence.
“I wish I could go back and convince myself to take a different path,” Ulbricht reportedly said.
The FBI arrested Ross William Ulbricht in San Francisco, California for allegedly owning and running an underground Anonymous marketplace website Silk Road which allowed users to buy and sell guns, drugs and other illegal stuff by using encrypted, digital currency around the globe.
Screenshot is taken from Silk Road website
Ulbricht was a University of Pennsylvania School of Materials Science and Engineering graduate also known with the handle of “Dread Pirate Roberts.”
The FBI said it was able to browse advertisements on Silk Road for products that could be purchased on the site including multi-kilogram quantities of heroin, cocaine and meth, as well as forged government IDs and firearms.
Silk Road marketplace has been a trouble from the very first day. In 2014, Silk Road 2.0 was hacked and $2.5 million in Bitcoins were stolen from its online wallet.
Do you think it’s a fair judgment?
[src src=”source” url=”http://www.reuters.com/article/2015/05/29/us-usa-bitcoin-ulbricht-idUSKBN0OE2IR20150529“]Reuters[/src]
