- Boys’ sleepovers vs. girls’ sleepovers meme takes stereotypes to absurd heights Tuesday 7:30 PM
- Petition wants Keanu Reeves to be named ‘Time Person of the Year’ Tuesday 6:33 PM
- 8 women accuse Max Landis of sexual, emotional abuse Tuesday 5:37 PM
- Taylor Swift accused of copying Beyoncé—again Tuesday 5:00 PM
- Everything you need to know about Libra, Facebook’s new cryptocurrency Tuesday 4:45 PM
- Netflix just renewed ‘Queer Eye’ for 2 more seasons Tuesday 4:32 PM
- YouTube’s queen of failed robots just unveiled a one-of-a-kind Tesla truck Tuesday 3:58 PM
- AOC infuriates conservatives with ‘concentration camps’ remark Tuesday 3:33 PM
- TikTok users explore identity with Lin Manuel Miranda-inspired meme Tuesday 3:24 PM
- TikTok apology video inspires new duet meme Tuesday 2:51 PM
- Man sues brewery after identifying as female to get beer discount Tuesday 2:31 PM
- Here’s what’s coming and going on Hulu in July 2019 Tuesday 2:22 PM
- This biotech company’s logo is almost straight out of Resident Evil Tuesday 1:26 PM
- Trump says mass deportations to start next week Tuesday 12:28 PM
- GOP pollster bothered by broken elevator in Austria blames socialism Tuesday 10:50 AM
Alleged Silk Road founder indicted by federal grand jury in New York
The alleged founder of the Web’s biggest black market, Ross Ulbricht, faces decades in prison.
Ross Ulbricht, 29, the man accused of being the mastermind known as Dread Pirate Roberts behind the Deep Web black market known as Silk Road, was indicted by a federal grand jury in New York earlier today, reports ABC’s Micah Grimes.
Ulbricht, who was arrested on Oct. 2 by the FBI, faces charges for narcotics trafficking, continuing criminal enterprise, conspiracy to commit computer-hacking, and money laundering. Trafficking and continuing a criminal enterprise carry potential life sentences while the minimum sentence carried by each charge ranges from five to 20 years in prison.
He is also accused of orchestrating multiple murder-for-hire plots across the United States and Canada. Ulbricht has denied all charges. He has, however, filed a claim asserting that he is the owner of the 144,336 bitcoins seized from his computer hardware. The bitcoins are worth $120 million today.
In his first jailhouse interview in October, Ulbricht said he is “not excessively” worried about the future.
If convicted in New York, Ulbricht faces a 10-year mandatory minimum sentence and a more likely sentence of 20 to 30 years.
The full text of the indictment is available on the Justice Department’s website.
Illustration by Jason Reed
Patrick Howell O'Neill is a notable cybersecurity reporter whose work has focused on the dark net, national security, and law enforcement. A former senior writer at the Daily Dot, O'Neill joined CyberScoop in October 2016. I am a cybersecurity journalist at CyberScoop. I cover the security industry, national security and law enforcement.