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


Silk Ro<span id="more-27974"></span>ad Founder Ross Ulbricht Faces Life in Prison After Guilty Verdict

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

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

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

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

After three weeks of testimony, the jury took just three-and-a-half hours to achieve its verdict, with sentencing scheduled for might 15.

Online Gambling Connection

US Attorney Preet Bharara, the lead prosecutor in the suit against Ulbricht, is just a strong anti-online gambling proponent who was 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 removal of PokerStars, Full Tilt, and Absolute Poker from the United States online gaming market. At the time, he referred to online gambling as a ‘concocted and elaborate criminal fraud scheme,’ with the defendants engaged in ‘massive money laundering and bank fraud.’

Bitcoin Betrayal?

The Silk Road case could add credence to those in power who are seek to ban iGaming in the US for its acceptance of the digital currency Bitcoin although the President passed over Bharara for Attorney General.

Most notably, that includes Senator Lindsey Graham (R-SC) who recently announced his own 2016 GOP exploratory that is presidential committee. a close cohort of las Vegas Sands magnate Sheldon Adelson, the senator is adamant that Internet gaming are directly connected to terrorism.

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

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

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

Ross Ulbricht Plummets Faster than Bitcoin

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

According to proof presented in court, throughout the next three years, his platform executed more than one million drug deals, leaving Ulbricht a revenue of over $18 million in Bitcoins.

Ulbricht’s parents, who keep his purity, insisting he was the fall man for Silk Road, claim their son merely got in over his head. His mother Lyn says, ‘He’s very idealistic and I could see Ross thinking, ‘ I would like to create a available market where people can freely trade.”

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

Following Ulbricht’s arrest, Silk Road 2.0 instantly launched, nevertheless the site was shutdown by the government that is federal a year later on, with his successor Blake Benthall taken into custody.

Netanyahu’s Likud Denies Adelson that is giving Leg-up Japan Casino Bid

Best of friends: Sheldon Adelson and Binyamin Netanyahu, but has the latter been making inappropriate advancements to the government that is japanese 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 newspaper Haaretz advertised this week that during a ‘financial work visit’ to Tokyo in might 2014, Netanyahu asked a ‘very senior source in the government that is japanese to appear favorably on Adelson’s ambitions to build a casino resort in Japan, a demand which was reportedly rejected.

Haaretz‘s source claims that the Japanese official was ‘shocked’ during the suggestion, and informed his colleagues about it.

‘This will be a completely false ‘report,’ which has no basis or connection to reality whatsoever,’ said a representative for Likud. ‘ The prime minister didn’t request a ‘private’ meeting with any sources into the Japanese government, and certainly didn’t ask for a meeting to try and advance Mr. Adelson’s passions, or those of anyone else. The items that were stated simply never were.’

Sleeping Giant

Adelson made no secret of his aspire to develop a casino resort in Japan as soon as the country’s lawmakers began debating the possibility of opening up the market to legal casino gambling this past year.

The country’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 in the world, after Macau.

It’s calculated that Japan’s casino market could generate $40 eventually billion in income 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 set up workplaces in the nation and was ready to begin employing staff.

Regulation Postponed

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

The united states had wanted to ready its casino market to cash in at the 2020 Olympics, a deadline it has probably missed, as a result of lengthy bidding procedure that would ensue after legalization and period of time it requires to make large casino buildings.

It appears like Adelson must wait for his Japanese mega-resort, then, but he remains fixated on eastward expansion. ‘Right now our focus is on encouraging Asian nations, like Japan and Korea, to dramatically enhance their tourism offering through the development of built-in resorts there,’ he said recently.

Sheldon Adelson is truly no stranger to forming political alliances in order to further their very own ends and his relationship with Netanyahu is no key.

Sheldon Adelson owns the free daily newspaper that is israeli Hayom, that will be so pro-Netanhayu that it has been accused of compromising the foundations of Israeli democracy.

Miami Police Accused of Protecting Illegal Gambling Ring

Miami police officer Jerry Sutherland surrendered to the FBI after being accused of offering security to a gambling that is illegal in the city. (Image: CBS4)

A Miami police officer surrendered to FBI officials Monday on charges he took money re payments from an illegal sports betting operation in Liberty City in exchange for protection solutions.

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 launch, Sutherland was charged by information rather than indictment.

It’s usually a sign that he could be cooperating with investigators within the research, though his lawyers never have released any information about the case.

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

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 being an indictment associated with police department that is entire.

‘I am disappointed and disheartened that Officer Jerry Sutherland has been arrested today by the FBI,’ Llanes said into the statement. ‘The Miami Police Department’s Internal Affairs Section has assisted the FBI from the beginning of the investigation. Let me tell you that we simply take these allegations really seriously.’

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

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

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

Sutherland, 28, has been a known member of the Miami Police Department since soon after graduating from high college.

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

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

The case is just one of several related to recreations gambling and misconduct by officers that have recently surfaced in the Miami Police Department.

In 2013, an important sports wagering security racket was busted, ending the professions of approximately ten Miami police who were fired, resigned, or had been convicted of crimes in connection to your betting ring that was based out of a barber shop that is local.

That case was evidently unrelated to the Sutherland arrest.

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

According to the allegations, Officers Michael Bode, Artice Peoples and Julio Ruiz were directing tow truck companies to traffic accidents rather than using the businesses that had agreements with the town of Miami, and obtained payments from providing the details.

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

You will find suspicions that the scheme went beyond kickbacks to offers and auto that is also involved shops that overstated the harm to vehicles to be able to boost the value of insurance claims.

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