Silk Road founder Ross Ulbricht’s luck finally ran out following a jury found the Dark web entrepreneur guilty on seven federal counts, one with 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 associated with the Dark Net marketplace that specialized in the illegal purchase of everything from heroin to hitmen’s services.
Using the supposedly cryptocurrency that is untraceable for its financial transactions, Silk path became the de facto Amazon marketplace for every illicit thing anyone could ever want.
Prosecuting attorneys successfully argued the 30-year-old operated the exchange that is underground the pseudonym ‘Dread Pirate Roberts’ to allow internet surfers to offer 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 a strong gambling that is anti-online who had been recently considered by President Obama to replace outgoing Attorney General Eric Holder.
Bharara is infamous among Internet poker fans for being accountable for ‘Black Friday,’ the Department of Justice’s crackdown and elimination of PokerStars, Full Tilt, and poker that is absolute 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.’
Although the President passed over Bharara for Attorney General, the Silk Road case could add credence to those in energy who are seek to ban iGaming in the US because of its acceptance associated with the digital currency Bitcoin.
Most notably, that features Senator Lindsey Graham (R-SC) who recently announced his or her own 2016 presidential GOP exploratory committee. a close cohort of las Vegas Sands magnate Sheldon Adelson, the senator is adamant that online video gaming is directly linked to terrorism.
During his questioning of nominated Attorney General Loretta Lynch, Graham asked, ‘Would you agree one of the best methods for the organization that is terrorist a criminal enterprise in order to enrich themselves would be to have online gaming that could be very hard to manage?’
Once a rising commodity that attracted Wall Street investors, Bitcoin’s price nose-dived following revelation that criminals discovered its anonymous and de-centralized nature an ideal currency for fraudulent activities.
Nonetheless, Bitcoin has remained a commonly used online poker money at several sites, including Seals with Clubs, a system 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 just a laptop and Wi-Fi.
Based on evidence presented in court, through the next three years, their platform executed more than one million medication deals, leaving Ulbricht a casino-bonus-free-money.com profit of over $18 million in Bitcoins.
Ulbricht’s parents, who keep his innocence, insisting he was the fall guy for Silk path, claim their son just got in over his head. His mother Lyn states, ‘He’s very idealistic and I could see Ross thinking, ‘ I want to create a market that is open people can freely trade.»
But by having a Bitcoin bank account growing exponentially, he apparently destroyed the ‘friendly, compassionate, caring’ spirit 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 immediately launched, nevertheless the site was shutdown by the federal government exactly a year later, together with successor Blake Benthall taken into custody.
Netanyahu’s Likud Denies Providing 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 government that is japanese behalf of his casino magnate buddy? Likud says no. (Image: flash90)
Benjamin Netanyahu’s Likud Party has angrily rejected reports that the Israeli prime minister attempted to influence the Japanese government on behalf of his friend and near confidante Sheldon Adelson.
Israeli paper Haaretz claimed this week that during a ‘financial work see’ to Tokyo in May 2014, Netanyahu asked a ‘very senior source in the government that is japanese to look favorably on Adelson’s ambitions to create a casino resort in Japan, a request that was reportedly rejected.
Haaretz‘s source claims that the Japanese official was ‘shocked’ at the recommendation, and informed his colleagues about it.
‘This is a completely false ‘report,’ with no foundation or connection 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 test and advance Mr. Adelson’s passions, or those of anyone else. The things that were stated simply never were.’
Adelson made no secret of his aspire to develop a casino resort in Japan if the country’s lawmakers started debating the possibility of opening up the market to legal casino gambling a year ago.
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 specialists believe could potentially be the second-largest worldwide, after Macau.
It is believed that Japan’s casino market could eventually produce $40 billion in income annually.
The casino magnate vowed it takes’ to gain a foothold in Japan should the country legalize land-based casinos, later clarifying that ‘whatever it takes’ would be $10 billion that he would spend ‘whatever.
Adelson even told a press conference in Tokyo that he would pay that sum in ‘cash’ if necessary and that he had already put up workplaces in the country and was prepared to begin with taking on staff.
Today, however, Adelson’s Japanese office is most likely rather quiet; Japan’s casino bill did not pass during 2014, as expected, despite the tacit backing of Prime 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 process that would ensue after legalization and timeframe it requires to construct large casino complexes.
It looks like Adelson must wait for their 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 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 his own ends and Netanyahu is no secret to his relationship.
Sheldon Adelson owns the free daily newspaper that is israeli Hayom, which will be therefore pro-Netanhayu so 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 cash payments from an illegal sports gambling procedure in Liberty City in exchange 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 sentence that is potential of to 20 years in prison each.
According to an FBI press launch, Sutherland was charged by information instead than indictment.
Normally an indicator that he’s cooperating with investigators within the research, though his lawyers never have released any facts about the case.
They did, but, 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, whom said that the alleged crimes must not be taken being an indictment for the police department that is entire.
‘we am 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 with this investigation. Without a doubt 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 for the Miami Police Department,’ Llanes added.
According to a press launch from the FBI, Sutherland is speculated to have agreed to protect the sports betting ring ‘on or 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 ring that Sutherland was supposedly protecting.
Sutherland, 28, has been a known person in the Miami Police Department since right after graduating from high college.
He also once attempted to run for the populous City Commission seat in 2010, but fell short in their effort.
Miami Police Department No Stranger to Sports Betting Controversies, Officer Misconduct
The scenario is merely certainly one of several related to recreations wagering and misconduct by officers which have recently surfaced in the Miami Police Department.
In 2013, a significant sports betting security racket was busted, ending the careers of approximately ten Miami police who were fired, resigned, or were convicted of crimes in relation to your 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 police officers and two aids were suspended after being suspected of using kickbacks from towing businesses.
According to the allegations, Officers Michael Bode, Artice Peoples and Julio Ruiz were directing tow truck companies to traffic accidents rather than using the ongoing organizations that had agreements with the town of Miami, and collected payments from providing the info.
More recently, that investigation has expanded by the FBI to look into other officers in the Miami-Dade Police Department and other agencies.
You will find suspicions that the scheme went beyond kickbacks to provides and auto that is also involved stores that overstated the harm to vehicles so that you can improve the worth of insurance claims.