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

Silk Ro<span id="more-3314"></span>ad Founder Ross Ulbricht Faces Life in Prison After Guilty Verdict

Silk Road founder Ross Ulbricht’s luck finally ran out after a jury found the Dark web entrepreneur guilty on seven federal counts, one 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 relating to the Dark Net marketplace that specialized in the illegal purchase 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 internet surfers to sell a wide range 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 just a strong gambling that is anti-online 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 responsible for ‘Black Friday,’ the Department of Justice’s crackdown and removal of PokerStars, Full Tilt, and poker that is absolute the United States online gaming market. During 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?

Even though the President passed over Bharara for Attorney General, the Silk Road instance could add credence to those in power that are seek to ban iGaming in the US because of its acceptance of this digital currency Bitcoin.

Especially, that features Senator Lindsey Graham (R-SC) who recently announced his or her own 2016 GOP exploratory that is presidential committee. a cohort that is close of Las Vegas Sands magnate Sheldon Adelson, the senator is adamant that Web 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 means for a terrorist organization or a criminal enterprise in order to enrich themselves is to have online video gaming that might be quite difficult to control?’

Once a commodity that is rising attracted Wall Street investors, Bitcoin’s cost nose-dived following the revelation that crooks found 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 groups, a network that keeps accounts anonymous and caters to Americans.

Ross Ulbricht Plummets Faster than Bitcoin

Launched last year, the story 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 apartment that is small in Francisco with only a laptop and Wi-Fi.

In accordance with proof presented in court, throughout the next three years, their platform executed more than one million drug discounts, making Ulbricht a profit of over $18 million in Bitcoins.

Ulbricht’s parents, who keep his innocence, insisting he was the fall guy for Silk Road, claim their son merely 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 available market where people can freely trade.”

But with a Bitcoin bank account growing exponentially, he apparently lost the ‘friendly, compassionate, caring’ character his mother described. He was considering hiring hit men to murder five Silk Road users who threatened to reveal his identity when he was arrested, his computer seizure showed activity suggesting.

Following Ulbricht’s arrest, Silk Road 2.0 straight away launched, but the site was shutdown by the government that is federal a year later, 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 rejected reports that the Israeli minister that is prime to influence the Japanese government on behalf of his friend and close confidante Sheldon Adelson.

Israeli magazine Haaretz stated this week that during a ‘financial work visit’ to Tokyo in might 2014, Netanyahu asked a ‘very senior source in the Japanese government’ to appear favorably on Adelson’s ambitions to develop a casino resort in Japan, a request that was reportedly rejected.

Haaretz‘s source claims that the Japanese official was ‘shocked’ during the recommendation, and informed his colleagues about any of 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 ask for a ‘private’ meeting with any sources within the Japanese government, and certainly didn’t ask for a meeting to try and advance Mr. Adelson’s interests, or those of anyone else. The things that were stated simply never were.’

Sleeping Giant

Adelson made no secret of his need to develop a casino resort in Japan whenever nation’s lawmakers started debating the possibility of checking the market to legal casino gambling this past year.

The nation’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 could potentially be the second-largest worldwide, after Macau.

It’s projected 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 if the country legalize land-based casinos, later clarifying that ‘whatever it takes’ could be $10 billion.

Adelson even told a press conference in Tokyo that he would pay that sum in ‘cash’ if necessary and that he had already arranged workplaces in the nation and was prepared to begin hiring staff.

Regulation Postponed

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

The nation had wanted to ready its casino market to cash in at the 2020 Olympics, a deadline it has now probably missed, as a result of the lengthy bidding procedure that would ensue after legalization and amount of time it takes to create large casino buildings.

It looks like Adelson must wait for his mega-resort that is japanese, 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 providing through the development of integrated resorts there,’ he stated recently.

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

Sheldon Adelson owns the free daily newspaper that is israeli Hayom, which will be therefore pro-Netanhayu that 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 security to a gambling that is illegal in the city. (Image: CBS4)

A Miami police officer surrendered to FBI officials Monday on charges which he took money payments from an illegal sports operation that is betting Liberty City in trade for protection services.

The officer, a patrolman named Jerry Sutherland, was charged with two counts of extortion under the Hobbs Act.

The crimes carry a potential sentence of up to 20 years in prison each.

According to an FBI press release, Sutherland was charged by information rather than indictment.

It’s usually an indicator that he is cooperating with investigators in the investigation, though his lawyers have not released any details about the case.

They did, however, 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 Llanes, who said that the alleged crimes should not be taken being an indictment of this police department that is entire.

‘we have always been disappointed and disheartened that Officer Jerry Sutherland has been arrested today by the FBI,’ Llanes said into the declaration. ‘The Miami Police Department’s Internal Affairs Section has assisted the FBI right from the start of this investigation. Let me make it clear that these allegations are taken by us extremely seriously.’

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

According to a press launch from the FBI, Sutherland is purported to have agreed to protect the recreations ring that is betting or just around January 28, 2014.’ It further alleges that Sutherland ‘facilitated the theft of arises from a gambling that is illegal 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, is a huge 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 actual situation is certainly one of several related to sports gambling and misconduct by officers which have recently surfaced in the Miami Police Department.

In 2013, a major sports betting protection racket had been busted, ending the professions of about ten Miami cops who were fired, resigned, or had been convicted of crimes in relation to the betting ring that was based out of a local barber shop.

That case was apparently unrelated to the Sutherland arrest.

In a separate case, three Miami police and two helps were suspended after being suspected of using kickbacks from towing companies.

In accordance with the allegations, Officers Michael Bode, Artice Peoples and Julio Ruiz were directing tow truck companies to traffic accidents rather than using the ongoing organizations which had agreements with the city of Miami, and gathered payments from providing the data.

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

There are suspicions that the scheme went beyond kickbacks to provides and auto that is also involved stores that overstated the damage to vehicles to be able to boost the worth of insurance claims.

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