Last fall, the FBI took down the world’s biggest online drug bazaar Silk Road, and arrested the man it alleged to be...
Jun 13 2014, 7:03am CDT
Source: Ebeling Hefferman Live Trading News
Where Bitcoins are in discussion, money-laundering and sleaze raise their illegal heads. The story now is of the Silk Road, an underground bitcoin route which was created to stash cryptocurrency bitcoin from prying eyes of federal observers. At the center of the allegations is Ross Ulbricht, controversially credited with creating the subversive route ...
Full article at: Ebeling Hefferman Live Trading News
Jul 10 2014, 8:08am CDT
The supposed mastermind behind the Internet black market, Silk Road says he is not guilty. Ross Ulbricht and his lawyer are adamant that the former didn’t organize the narcotics, money laundering and hacking enterprise that was Silk Road.
Feb 8 2014, 3:06am CST
An anonymous reader writes in with the latest in the case against the alleged creator of the Silk Road, Ross Ulbricht. The government and legal community may still be arguing over whether bitcoin can be defined as "money." But the judge presiding over the landmark Silk Road drug case has declared that it's at least close enough to get you locked up for money laundering. In a ruling released Wednesday, Judge Katherine Forrest de ...
Full article at: AppleSlashdot
Jul 10 2014, 4:28am CDT
Source: The Register
'Bitcoin isn't money' argument laughed off by judge Ross Ulbricht has lost his bid to have money-laundering and other charges dismissed.… ...
Full article at: The Register
Jul 9 2014, 9:28pm CDT
Last November, Ross Ulbricht’s lawyer Joshua Dratel told reporters only hours after first meeting his client that he...
Feb 7 2014, 12:22pm CST
Cyrus Farivar / Ars Technica:
Judge denies Silk Road's demands to dismiss criminal prosecution — Silk Road suspect Ross Ulbricht, as seen in his Brooklyn prison, in a newly-released photo. — FreeRoss.org — In a scathing opinion and order on Wednesday, the federal judge presiding over the Silk Road case denied … ...
Full article at: Techmeme
Jul 9 2014, 8:40pm CDT
Source: Ars Technica
Roger Ver, also known as "Bitcoin Jesus," is a well-known Bitcoin entrepreneur.
A well-known Bitcoin entrepreneur has raised as much as $170,000 for the legal fund to defend Ross Ulbricht, the suspect that the government has identified as the mastermind of the Silk Road online drug marketplace.
On July 5, American businessman Roger Ver tweeted that he would donate $10 per retweet to Ulbricht’s defense fund. As of ...
Full article at: Ars Technica
Jul 7 2014, 1:05pm CDT
Source: Asia One
NEW YORK - The US Marshals Service on Friday auctioned off about 30,000 bitcoins seized during a raid on Silk Road, an Internet black-market bazaar where authorities say illegal drugs and other goods could be bought.An online auction took place over a 12-hour period on Friday for the bitcoins, valued at nearly US$17.7 million (S$22 million). It consisted of nine blocks of 3,000 bitcoins and one block of 2,657 bitcoins. ...
Full article at: Asia One
Jun 28 2014, 12:43am CDT
Ross Ulbricht, the alleged Dread Pirate Roberts and administrator of the Silk Road drug website, may be spending...
Dec 20 2013, 1:46pm CST