Accused Silk Road Operator Convicted on U.S. Drug Charges Ross Ulbricht was convicted on all seven counts he faced by a federal jury.
By Reuters
Our biggest sale — Get unlimited access to Entrepreneur.com at an unbeatable price. Use code SAVE50 at checkout.*
Claim Offer*Offer only available to new subscribers
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)
