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This article was published on May 29, 2015

    Silk Road founder is sentenced to two life terms without parole

    Silk Road founder is sentenced to two life terms without parole
    Jackie Dove
    Story by

    Jackie Dove

    Reporter

    Jackie Dove was in charge of The Next Web's Creativity channel from February 2014 through October 2015. Jackie Dove was in charge of The Next Web's Creativity channel from February 2014 through October 2015.

    Ross Ulbricht, convicted founder of the Silk Road online drug marketplace, was sentenced by a US federal judge to two life prison terms without parole.

    He also received several other sentences for convictions on lesser charges and was ordered to forfeit $184 million of the $187 million his site made before it was shut down two years ago.

    Ulbricht was convicted of trafficking drugs on the internet, and conspiracy for narcotics-trafficking, computer-hacking, money-laundering and running a criminal enterprise which generated some $1.2 billion in illegal bitcoin-based drug transactions.

    The sentence exceeds the 20-year mandatory minimum for the crimes, despite the defendant’s apology and plea for leniency concerning his February convictions.

    Operating under the pseudonym Dread Pirate Roberts, Ulbright ran Silk Road from 2011 to 2013 as a private “darknet” electronic marketplace that linked buyers and sellers of illegal drugs.

    Six drug-overdose deaths involving Silk Road buyers, coupled with heartbreaking victim impact statements, contributed the jury’s rejection of Ulbricht’s defense and the longevity of the sentence.

    Ulbricht’s lawyer said he will appeal.

    ➤ Founder of the Silk Road drug marketplace sentenced to life in prison without parole [Business Insider]

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