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

By February 4, 2015Bitcoin Business
Click here to view original web page at newsbtc.com
Dread Pirate Roberts Walks the Plank; Ross Ulbricht Given a Guilty Verdict

Following a three week trial 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.  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 him to be real culprit behind Silk Road, but ultimately all attempts to divert attention and guilt failed.

Ross Ulbricht Hiking LG WDRoss 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 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 chat 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 startup 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.

January witnessed Ulbricht’s lawyer Joshua Dratel battling prosecutor Timothy Howard through any means necessary, despite the heavy evidence continually mounting against his client.  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 […]

Leave a Reply

All Today's Crypto News In One Place