Silk Road Founder Ross Ulbricht Faces Life in Prison After Guilty Verdict


Silk Ro<span id="more-12191"></span>ad Founder Ross Ulbricht Faces Life in Prison After Guilty Verdict

Silk Road founder Ross Ulbricht’s luck finally ran out following a jury found the Dark Net entrepreneur guilty on seven federal counts, one having a mandatory prison sentence that is 20-year.

Silk Road creator Ross Ulbricht is facing life in prison after a federal jury found him guilty on all seven charges associated with the Dark Net marketplace that specialized in the illegal purchase of sets from heroin to hitmen’s solutions.

Using the supposedly cryptocurrency that is untraceable for its financial transactions, Silk Road became the de facto Amazon marketplace for every illicit thing anyone could ever want.

Prosecuting attorneys successfully argued the 30-year-old operated the underground exchange using the pseudonym ‘Dread Pirate Roberts’ to allow online users to sell a number of contraband, hacking tutorials, and worse.

The jury took just three-and-a-half hours to reach its verdict, with sentencing scheduled for May 15 after three weeks of testimony.

Online Gambling Connection

US Attorney Preet Bharara, the lead prosecutor within the suit against Ulbricht, is a strong anti-online gambling proponent who ended up being recently considered by President Obama to replace outgoing Attorney General Eric Holder.

Bharara is infamous among Internet poker fans for being accountable for ‘Black Friday,’ the Department of Justice’s crackdown and elimination of PokerStars, Comprehensive Tilt, and poker that is absolute the United States online gaming market. At the time, he referred to online gambling as a ‘concocted and elaborate fraud that is criminal,’ with the defendants engaged in ‘massive money laundering and bank fraud.’

Bitcoin Betrayal?

Although the President passed over Bharara for Attorney General, the Silk Road instance could add credence to those in power that are seek to ban iGaming in the usa because of its acceptance regarding the digital currency Bitcoin.

Especially, that features Senator Lindsey Graham (R-SC) who recently announced his or her own 2016 GOP exploratory that is presidential committee. a cohort that is close of Vegas Sands magnate Sheldon Adelson, the senator is adamant that online gaming can be directly connected to terrorism.

During his questioning of nominated Attorney General Loretta Lynch, Graham asked, ‘Would you agree one of the best methods for the terrorist organization or a criminal enterprise in order to enrich themselves is always to have online gaming that could be very hard to control?’

Once a commodity that is rising attracted Wall Street investors, Bitcoin’s price nose-dived following the revelation that criminals discovered its anonymous and de-centralized nature the perfect currency for fraudulent activities.

Nonetheless, Bitcoin has remained a commonly used online poker money at several internet sites, including Seals with Clubs, a community that keeps accounts anonymous and caters to Americans.

Ross Ulbricht Plummets Faster than Bitcoin

Launched last year, the story of Silk Road reads like a Jason Statham thriller, but in reality Texas native Ulbricht was the mastermind, operating the Deep Web forum from his apartment that is small in Francisco with only a laptop and Wi-Fi.

Based on evidence presented in court, through the next three years, their platform executed more than one million medication discounts, making Ulbricht a profit of over $18 million in Bitcoins.

Ulbricht’s parents, who maintain his innocence, insisting he was the fall man for Silk path, claim their son merely got in over his head. His mother Lyn states, ‘He’s very idealistic and I could see Ross thinking, ‘ I would like to create a market that is open people can freely trade.”

But by having a Bitcoin bank account growing exponentially, he reportedly lost the ‘friendly, compassionate, caring’ nature his mom described. He was considering hiring hit men to murder five Silk Road users who threatened to reveal his identity when he was arrested, his computer seizure showed activity suggesting.

Following Ulbricht’s arrest, Silk Road 2.0 instantly launched, but the site was shutdown by the federal government exactly a year later, together with successor Blake Benthall taken into custody.

Netanyahu’s Likud Denies Offering Adelson Leg-up in Japan Casino Bid

Best of friends: Sheldon Adelson and Binyamin Netanyahu, but has the latter been making inappropriate advancements to the Japanese federal government on behalf of his casino magnate buddy? Likud says no. (Image: flash90)

Benjamin Netanyahu’s Likud Party has angrily denied reports that the Israeli minister that is prime to influence the Japanese government on behalf of his friend and near confidante Sheldon Adelson.

Israeli paper Haaretz claimed this week that during a ‘financial work see’ to Tokyo in might 2014, Netanyahu asked a ‘very senior source in the government that is japanese to look favorably on Adelson’s ambitions to build a casino resort in Japan, a demand that was reportedly rejected.

Haaretz‘s source claims that the official that is japanese ‘shocked’ at the recommendation, and informed his colleagues about this.

‘this is a completely false ‘report,’ which has no connection or basis to reality whatsoever,’ said a representative for Likud. ‘ The minister that is primen’t require a ‘private’ meeting with any sources into the Japanese government, and certainly did not ask for a meeting to test and advance Mr. Adelson’s interests, or those of anybody else. The things that were stated simply never were.’

Resting Giant

Adelson made no key of his want to create a casino resort in Japan once the country’s lawmakers started debating the possibility of opening up the market to legal casino gambling year that is last.

The nation’s ruling Liberal Democrat Party submitted a bill to parliament in early December 2013 that aimed regulation that is establish a video gaming market that experts think may potentially be the second-largest on earth, after Macau.

It is estimated that Japan’s casino market could generate $40 eventually billion in revenue annually.

The casino magnate vowed it takes’ to gain a foothold in Japan should the country legalize land-based casinos, later clarifying that ‘whatever it takes’ would be $10 billion that he would spend ‘whatever.

Adelson even told a press conference in Tokyo that he would pay that sum in ‘cash’ if necessary and that he had already put up offices in the country and was ready to start taking on staff.

Regulation Postponed

Today, however, Adelson’s Japanese office is most likely rather quiet; Japan’s casino bill did not pass during 2014, as anticipated, inspite of the tacit backing of Prime Minister Shinzo Abe.

The nation had wanted to ready its casino market to cash in at the 2020 Olympics, a deadline it has probably missed, because of the lengthy bidding process that would ensue following legalization and timeframe it takes to construct large casino complexes.

It looks like Adelson must wait for their mega-resort that is japanese, but he remains fixated on eastward expansion. ‘Right now our focus is on encouraging countries that are asian like Japan and Korea, to dramatically enhance their tourism offering through the development of integrated resorts there,’ he said recently.

Sheldon Adelson is definitely no stranger to forming political alliances in order to further his very own ends and Netanyahu is no secret to his relationship.

Sheldon Adelson owns the free daily Israeli newspaper Israel Hayom, which can be so pro-Netanhayu it has been accused of compromising the foundations of Israeli democracy.

Miami Police Officers Accused of Protecting Illegal Gambling Ring

Miami authorities officer Jerry Sutherland surrendered to the FBI after being accused of offering protection to a unlawful gambling band in the city. (Image: CBS4)

A Miami police officer surrendered to FBI officials Monday on charges which he took money payments from an illegal sports betting operation in Liberty City as a swap for protection services.

The officer, a patrolman named Jerry Sutherland, was charged with two counts of extortion under the Hobbs Act.

The crimes carry a sentence that is potential of to 20 years in prison each.

According to an FBI press release, Sutherland was charged by information instead than indictment.

It’s usually a sign that he is cooperating with investigators into the investigation, though his lawyers have not released any information about the case.

They did, nonetheless, say they were happy with the $50,000 bond that Sutherland was granted in Miami court that is federal.

Police Chief ‘Disappointed’ By Officer

The charges prompted a statement from Miami Police Chief Rodolfo Llanes, whom said that the alleged crimes should not be taken as an indictment associated with police department that is entire.

‘we have always been disappointed and disheartened that Officer Jerry Sutherland has been arrested today by the FBI,’ Llanes said into the declaration. ‘The Miami Police Department’s Internal Affairs Section has assisted the FBI from the beginning of this investigation. Let me make it clear that we just take these allegations extremely seriously.’

‘The allegations surrounding Mr. Sutherland are in no way a reflection of the hard working men and women for the Miami Police Department,’ Llanes added.

According to a press launch from the FBI, Sutherland is purported to have agreed to protect the sports gambling ring ‘on or just around January 28, 2014.’ It further alleges that Sutherland ‘facilitated the theft of arises from a gambling that is illegal in exchange for the receipt of cash payments’ last July.

No information was provided on the gambling band that Sutherland was supposedly protecting.

Sutherland, 28, is a huge person in the Miami Police Department since shortly after graduating from high college.

He also once attempted to run for the populous City Commission seat in 2010, but fell short in his effort.

Miami Police Department No Stranger to Sports Betting Controversies, Officer Misconduct

The situation is simply one of several related to sports gambling and misconduct by officers that have recently surfaced in the Miami Police Department.

In 2013, a major sports gambling security racket was busted, ending the careers of approximately ten Miami cops who were fired, resigned, or were convicted of crimes in connection to the betting ring that was based out of a barber shop that is local.

That case was apparently unrelated to the Sutherland arrest.

In a case that is separate three Miami cops and two aids were suspended after being suspected of taking kickbacks from towing organizations.

According to the allegations, Officers Michael Bode, Artice Peoples and Julio Ruiz were directing tow truck companies to traffic accidents instead than using the ongoing companies which had contracts with the town of Miami, and accumulated payments from providing the info.

More recently, that investigation has expanded by the FBI to check into other officers in the Miami-Dade Police Department and other agencies.

You can find suspicions that the scheme went beyond kickbacks to provides and auto that is also involved stores that overstated the damage to vehicles to be able to boost the worth of insurance claims.

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