Silk Road Founder Ross Ulbricht Faces Life in Prison After Guilty Verdict
Silk Road creator Ross Ulbricht’s luck finally ran out following a jury found the Dark web business owner guilty on seven federal counts, one by having a mandatory prison sentence that is 20-year.
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 sets from heroin to hitmen’s solutions.
Using the supposedly untraceable cryptocurrency Bitcoin for its financial transactions, Silk Road 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 offer a number of contraband, hacking tutorials, and worse.
The jury took just three-and-a-half hours to reach its verdict, with sentencing scheduled for May 15 after three weeks of testimony.
Online Gambling Connection
US Attorney Preet Bharara, the lead prosecutor within the suit against Ulbricht, is a strong anti-online gambling proponent who ended up being 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, Comprehensive Tilt, and poker that is absolute the United States online gaming market. At the time, he referred to online gambling as a ‘concocted and elaborate fraud that is criminal,’ with the defendants engaged in ‘massive money laundering and bank fraud.’
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.
Especially, that features Senator Lindsey Graham (R-SC) who recently announced his own 2016 GOP exploratory that is presidential committee. a cohort that is close of Vegas Sands magnate Sheldon Adelson, the senator is adamant that online video gaming could be directly connected to terrorism.
During his questioning of nominated Attorney General Loretta Lynch, Graham asked, ‘Would you agree one of many best ways for a organization that is terrorist a criminal enterprise in order to enrich themselves would be to have online video gaming that would be quite difficult to regulate?’
Once a commodity that is rising attracted Wall Street investors, Bitcoin’s price nose-dived following the revelation that criminals discovered its anonymous and de-centralized nature an ideal currency for fraudulent activities.
Nonetheless, Bitcoin has remained a widely 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, operating the Deep Web forum from his small apartment in San Francisco with only a laptop and Wi-Fi.
Based on evidence presented in court, through the next three years, their platform executed more than one million medication discounts, leaving Ulbricht a profit of over $18 million in Bitcoins.
Ulbricht’s parents, whom keep his purity, insisting he was the fall man for Silk Road, claim their son just got in over his head. His mother Lyn claims, ‘He’s very idealistic and I could see Ross thinking, ‘ I would like to create a market that is open people can freely trade.”
But having a Bitcoin bank account growing exponentially, he apparently lost the ‘friendly, compassionate, caring’ nature his mother described. When he was arrested, his computer seizure showed activity suggesting he was considering hiring hit men to murder five Silk Road users who threatened to reveal their identification.
Following Ulbricht’s arrest, Silk Road 2.0 instantly launched, but the site was shutdown by the government that is federal a year later on, together with his successor Blake Benthall taken into custody.
Netanyahu’s Likud Denies Offering Adelson Leg-up in Japan Casino Bid
Best of friends: Sheldon Adelson and Binyamin Netanyahu, but has the latter been making inappropriate advancements to the Japanese federal government on behalf of his casino magnate buddy? Likud says no. (Image: flash90)
Benjamin Netanyahu’s Likud Party has angrily denied reports that the Israeli prime minister attempted to influence the Japanese government on behalf of his friend and close confidante Sheldon Adelson.
Israeli paper Haaretz reported this week that during a ‘financial work check out’ to Tokyo in May 2014, Netanyahu asked a ‘very senior source in the Japanese government’ to check favorably on Adelson’s ambitions to develop a casino resort in Japan, a request that has been reportedly rejected.
Haaretz‘s source claims that the Japanese official was ‘shocked’ at the recommendation, and informed his colleagues about it.
‘this is a completely false ‘report,’ which has no connection or basis to reality whatsoever,’ said a spokesperson for Likud. ‘ The minister that is primen’t request a ‘private’ meeting with any sources in the Japanese government, and certainly didn’t ask for a meeting to use and advance Mr. Adelson’s passions, or those of anybody else. The things that were stated simply never were.’
Adelson made no key of his aspire to develop a casino resort in Japan once the nation’s lawmakers started debating the possibility of opening up the market to legal casino gambling year that is last.
The country’s ruling Liberal Democrat Party submitted a bill to parliament in early December 2013 that aimed establish regulation for a video gaming market that experts think may potentially be the second-largest on earth, after Macau.
It’s predicted that Japan’s casino market could generate $40 eventually billion in income annually.
The casino magnate vowed that he would spend ‘whatever it takes’ to gain a foothold in Japan should the nation legalize land-based casinos, later clarifying that ‘whatever it takes’ could be ten dollars billion.
Adelson even told a press conference in Tokyo that he would pay that sum in ‘cash’ if necessary and that he had already create offices in the country and was prepared to begin employing staff.
Today, however, Adelson’s Japanese office is probably rather peaceful; Japan’s casino bill did not pass during 2014, as expected, inspite of the backing that is tacit of 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, due to the lengthy bidding process that would ensue after legalization and amount of time it requires to create large casino buildings.
It appears like Adelson must watch for his Japanese mega-resort, then, but he remains fixated on eastward expansion. ‘Right now our focus is on encouraging countries that are asian like Japan and Korea, to dramatically enhance their tourism offering through the development of integrated resorts there,’ he stated recently.
Sheldon Adelson is certainly no stranger to forming political alliances in order to further their own ends and his relationship with Netanyahu is no key.
Sheldon Adelson owns the free daily Israeli newspaper Israel Hayom, which is so pro-Netanhayu so it has been accused of compromising the foundations of Israeli democracy.
Miami Police Accused of Protecting Illegal Gambling Ring
Miami authorities officer Jerry Sutherland surrendered to the FBI after being accused of offering protection to a gambling that is illegal in the city. (Image: CBS4)
A Miami authorities officer surrendered to FBI officials Monday on charges that he took money payments from an illegal sports operation that is betting Liberty City as a swap 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 an indicator that he could be cooperating with investigators in the investigation, though his lawyers have not released any factual statements about the case.
They did, nevertheless, say that they had been happy with the $50,000 bond that Sutherland had been granted in Miami court that is federal.
Police Chief ‘Disappointed’ By Officer
The charges prompted a statement from Miami Police Chief Rodolfo play titanic slot machine online free Llanes, whom said that the alleged crimes should not be taken being an indictment associated with the entire authorities division.
‘we have always been disappointed and disheartened that Officer Jerry Sutherland has been arrested by the FBI,’ Llanes said in the statement today. ‘The Miami Police Department’s Internal Affairs Section has assisted the FBI right from the start with this investigation. Let me tell you that we simply take these allegations extremely seriously.’
‘The allegations surrounding Mr. Sutherland are in no way a reflection of the hard working men and women associated with Miami Police Department,’ Llanes added.
According to a press release through the FBI, Sutherland is alleged to have agreed to protect the recreations ring that is betting or around January 28, 2014.’ It further alleges that Sutherland ‘facilitated the theft of proceeds from an illegal gambling operation in exchange for the receipt of cash payments’ last July.
No information was provided on the gambling band that Sutherland was supposedly protecting.
Sutherland, 28, has become a known person in the Miami Police Department since right after graduating from high school.
He also once attempted to run for the populous City Commission seat in 2010, but fell short in their effort.
Miami Police Department No Stranger to Sports Betting Controversies, Officer Misconduct
The actual situation is merely one of several related to sports wagering and misconduct by officers that have recently surfaced in the Miami Police Department.
In 2013, a major sports betting protection racket ended up being busted, ending the jobs of about ten Miami police officers who were fired, resigned, or had been convicted of crimes in connection to the betting ring that was based out of a barber shop that is local.
That case was apparently unrelated to the Sutherland arrest.
In a case that is separate three Miami cops and two aids were suspended after being suspected of using kickbacks from towing organizations.
According to the allegations, Officers Michael Bode, Artice Peoples and Julio Ruiz were directing tow truck companies to traffic accidents rather than using the organizations which had contracts with the city of Miami, and gathered payments from providing the knowledge.
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 provides and additionally involved auto body stores that overstated the damage to vehicles so that you can improve the worthiness of insurance claims.