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Silk Road mastermind Ulbricht sentenced

Discussion in 'Network World' started by RSS, May 29, 2015.

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    The creator and chief operator of the Silk Road has been sentenced to two life sentences in jail for running the online drug marketplace, which federal prosecutors estimated facilitated the sales of more than US$213 million worth of drugs and other unlawful goods between 2011 and 2013.

    The life sentences are to be served concurrently, along with a five-year sentence for hacking and twenty years for money laundering. The government is also seeking $183 million from Ulbricht based on the profits he made.

    In February, Ross Ulbricht was found guilty of multiple charges related to the operation of Silk Road, including narcotics conspiracy, engaging in a continuing criminal enterprise, conspiracy to commit computer hacking and money laundering. The narcotics and criminal enterprise charges carry maximum penalties of life in prison. Under current federal sentencing laws, Ulbricht faced at least 20 years behind bars.

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