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

Silk Pa<span id="more-5660"></span>th Founder Ross Ulbricht Faces Life in Prison After Guilty Verdict

Silk Road creator Ross Ulbricht’s fortune finally ran out after a jury found the Dark Net business owner guilty on seven federal counts, one having a mandatory 20-year prison phrase.

Silk Road creator Ross Ulbricht is facing life in prison after a federal jury found him guilty on all seven charges relating to the Dark Net marketplace that specific in the illegal purchase of sets from heroin to hitmen’s services.

Using the supposedly cryptocurrency that is untraceable for its financial deals, 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 exchange that is underground the pseudonym ‘Dread Pirate Roberts’ to allow internet surfers 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 in 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 elimination of PokerStars, Comprehensive Tilt, and Absolute Poker from the United States online gaming market. At that 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?

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.

Most notably, which includes Senator Lindsey Graham (R-SC) who recently announced his own 2016 presidential GOP exploratory committee. a close cohort of las Vegas Sands magnate Sheldon Adelson, the senator is adamant that online gaming is directly associated with terrorism.

During his questioning of nominated Attorney General Loretta Lynch, Graham asked, ‘Would you agree one of many best methods for the terrorist organization or a criminal enterprise in order to enrich themselves would be to have online video gaming that would be quite difficult to control?’

Once a commodity that is rising attracted Wall Street investors, Bitcoin’s cost nose-dived following the revelation that criminals found its anonymous and de-centralized nature an ideal currency for fraudulent activities.

But, Bitcoin has remained a commonly used online poker currency at several sites, including Seals with groups, a community that keeps accounts anonymous and caters to Americans.

Ross Ulbricht Plummets Faster than Bitcoin

Launched in 2011, the story of Silk Road reads like a Jason Statham thriller, but in reality Texas native Ulbricht was the mastermind, running the Deep Web forum from his small apartment in San Francisco with only a laptop and Wi-Fi.

Based on evidence presented in court, during the next three years, their platform executed more than one million medication discounts, leaving Ulbricht a revenue of over $18 million in Bitcoins.

Ulbricht’s parents, who keep his purity, insisting he was the fall guy 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 want to create a open market where people can freely trade.”

But having a Bitcoin bank account growing exponentially, he apparently destroyed the ‘friendly, compassionate, caring’ spirit his mom 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 instantly launched, but the site was shutdown by the federal government exactly a year later on, with his successor Blake Benthall taken into custody.

Netanyahu’s Likud Denies Adelson that is giving Leg-up Japan Casino Bid

Best of friends: Sheldon Adelson and Binyamin Netanyahu, but has the latter been making inappropriate advancements to the government that is japanese 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 near confidante Sheldon Adelson.

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

Haaretz‘s source claims that the official that is japanese ‘shocked’ during the suggestion, 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 prime minister didn’t request a ‘private’ meeting with any sources into the Japanese government, and certainly did not ask for a meeting to try and advance Mr. Adelson’s passions, or those of anybody else. The things that were stated simply never were.’

Resting Giant

Adelson made no key of his need to develop a casino resort in Japan if the nation’s lawmakers started debating the possibility of opening up the market to legal casino gambling last year.

The nation’s ruling Liberal Democrat Party submitted a bill to parliament in early December 2013 that aimed regulation that is establish a gaming market that experts believe could potentially be the second-largest in the world, after Macau.

It is believed that Japan’s casino market could eventually create $40 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 united kingdom and was prepared to start hiring staff.

Regulation Postponed

Today, however, Adelson’s Japanese office is probably rather quiet; Japan’s casino bill did not pass during 2014, as expected, inspite of the tacit backing of Prime Minister Shinzo Abe.

The country had wanted to ready its casino market to cash in at the 2020 Olympics, a deadline it has probably missed, as a result of lengthy bidding process that would ensue following legalization and timeframe it takes to construct large casino complexes.

It looks like Adelson must watch for his mega-resort that is japanese, but he remains fixated on eastward expansion. ‘Right now our focus is on encouraging Asian countries, like Japan and Korea, to dramatically enhance their tourism offering 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 own ends and his relationship with Netanyahu is no secret.

Sheldon Adelson owns the free daily newspaper that is israeli Hayom, which can be so pro-Netanhayu it has been accused of compromising the foundations of Israeli democracy.

Miami Police Officers Accused of Protecting Illegal Gambling Ring

Miami authorities officer Jerry Sutherland surrendered to the FBI after being accused of offering protection to a unlawful gambling ring in the city. (Image: CBS4)

A Miami police officer surrendered to FBI officials Monday on charges that he took cash payments from an illegal sports operation that is betting Liberty City in exchange 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 possible sentence of up to 20 years in prison each.

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

This is usually an indicator that he could be cooperating with investigators in the investigation, though his lawyers never have released any facts about the case.

They did, nevertheless, say they were happy with the $50,000 bond that Sutherland was granted in Miami federal court.

Police Chief ‘Disappointed’ By Officer

The charges prompted a statement from Miami Police Chief Rodolfo Llanes, whom said that the alleged crimes must not be taken being an indictment regarding the whole police division.

‘I am 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 from the beginning of this investigation. Let me make it clear that we simply take these allegations extremely seriously.’

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

According to a press release from the FBI, Sutherland is purported to have agreed to protect the sports ring that is betting or around January 28, 2014.’ It further alleges that Sutherland ‘facilitated the theft of proceeds from a gambling that is illegal in exchange for the receipt of cash payments’ last July.

No information was provided on the gambling ring that Sutherland was supposedly protecting.

Sutherland, 28, is a huge person in the Miami Police Department since shortly after graduating from high college.

He also once attempted to run for a City Commission seat in 2010, but fell short in his effort.

Miami Police Department No Stranger to Sports Betting Controversies, Officer Misconduct

The way it is is simply certainly one of several related to recreations betting 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 professions of approximately 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 evidently unrelated to the Sutherland arrest.

In a case that is separate three Miami cops and two helps 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 instead than using the ongoing organizations which had contracts with the city of Miami, and accumulated payments from providing the details.

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 offers and auto that is also involved shops that overstated the harm to vehicles to be able to boost the worthiness of insurance claims.

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