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News and Trends / Silk Road

Accused Silk Road Operator Convicted on U.S. Drug Charges

1 min read
This story originally appeared on Reuters

The suspected operator of the underground website Silk Road was convicted on Wednesday on narcotics and other criminal charges for his role in orchestrating a scheme that enabled around $200 million of anonymous online drug sales using bitcoins.

Ross Ulbricht, 30, was convicted on all seven counts he faced by a federal jury in Manhattan, following a closely-watched trial that spilled out of U.S. investigations into the use of the digital currency bitcoin for drug trafficking and other crimes.

After less than a day of deliberations, the jury of six men and six women found Ulbricht guilty of charges including drug trafficking, and conspiracies to commit money laundering and computer hacking. Ulbricht faces up to life in prison.

(Reporting by Nate Raymond in New York; Editing by Meredith Mazzilli)

Silk Road Creator Ross Ulbricht Sentenced to Life in Prison