Silk Road creator Ross Ulbricht’s luck finally ran out after having a jury found the Dark web entrepreneur guilty on seven federal counts, one by having a mandatory 20-year jail sentence.
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 specific in the illegal sale of everything from heroin to hitmen’s services.
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 exchange that is underground the pseudonym ‘Dread Pirate Roberts’ to allow internet surfers to market 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 really a strong anti-online gambling proponent who had been 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, Full Tilt, and poker that is absolute the United States online gaming market. At the time, he referred to online gambling as a ‘concocted and elaborate fraud that is criminal,’ with the defendants engaged in ‘massive money laundering and bank fraud.’
Although the President passed over Bharara for Attorney General, the Silk Road situation could add credence to those in energy that are seek to ban iGaming in america for the acceptance of the digital currency Bitcoin.
Such as, that includes Senator Lindsey Graham (R-SC) who recently announced their own 2016 presidential GOP exploratory committee. a close cohort of las Vegas Sands magnate Sheldon Adelson, the senator is adamant that online video gaming may be directly associated with terrorism.
During their questioning of nominated Attorney General Loretta Lynch, Graham asked, ‘Would you agree one of the best means for the terrorist organization or a criminal enterprise in order to enrich on their own is to have online gaming that could be quite difficult to control?’
Once a commodity that is rising attracted Wall Street investors, Bitcoin’s price nose-dived following revelation that criminals found its anonymous and de-centralized nature the right currency for fraudulent activities.
But, Bitcoin has remained a widely used online poker currency at several sites, including Seals with Clubs, a community that keeps accounts anonymous and caters to Americans.
Ross Ulbricht Plummets Faster than Bitcoin
Launched in 2011, the tale 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 small apartment in San Francisco with only a laptop and Wi-Fi.
According to proof presented in court, through the next three years, their platform executed more than one million medication deals, leaving Ulbricht a profit of over $18 million in Bitcoins.
Ulbricht’s parents, whom keep his purity, insisting he was the fall guy for Silk Road, claim their son simply got in over his head. His mother Lyn claims, ‘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 reportedly destroyed the ‘friendly, compassionate, caring’ character his mom described. When he was arrested, his computer seizure revealed activity suggesting he was considering hiring hit men to murder five Silk Road users who threatened to reveal his identity.
Following Ulbricht’s arrest, Silk Road 2.0 immediately launched, but the site was shutdown by the government that is federal a year later on, together with successor Blake Benthall taken into custody.
Netanyahu’s Likud Denies Giving 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 denied reports that the Israeli prime minister attempted to influence the Japanese government on behalf of his friend and close confidante Sheldon Adelson.
Israeli newsprint Haaretz stated this week that during a ‘financial work visit’ to Tokyo in May 2014, Netanyahu asked a ‘very senior source in the government that is japanese to check favorably on Adelson’s ambitions to create a casino resort in Japan, a demand which was reportedly rejected.
Haaretz‘s source claims that the official that is japanese ‘shocked’ at the recommendation, and informed his colleagues about any of it.
‘This will be a completely false ‘report,’ which has no foundation or connection to reality whatsoever,’ said a spokesperson for Likud. ‘ The minister that is primen’t ask for a ‘private’ meeting with any sources into the Japanese government, and certainly don’t ask for a meeting to test and advance Mr. Adelson’s interests, or those of anybody else. The items that were stated simply never were.’
Adelson made no key of his desire to develop a casino resort in Japan whenever nation’s lawmakers started debating the possibility of opening the market to legal casino gambling year that is last.
The nation’s ruling Liberal Democrat Party submitted a bill to parliament in early December 2013 that aimed establish regulation for a video gaming market that experts believe may potentially be the second-largest on the planet, after Macau.
It is believed that Japan’s casino market could generate $40 eventually billion in revenue 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’ is ten dollars billion.
Adelson even told a press conference in Tokyo that he would pay that sum in ‘cash’ if necessary and that he had already create offices in the nation and was prepared to begin employing staff.
Today, however, Adelson’s Japanese office is probably 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 probably missed, because of the lengthy bidding procedure that would ensue after legalization and timeframe it will take to make large casino complexes.
It appears 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 offering through the development of integrated resorts there,’ he stated recently.
Sheldon Adelson is undoubtedly no stranger to forming political alliances in order to further his very own ends and Netanyahu is no secret to his relationship.
Sheldon Adelson owns the free daily newspaper that is israeli Hayom, that will be therefore pro-Netanhayu so it has been accused of compromising the foundations of Israeli democracy.
Miami Cops Accused of Protecting Illegal Gambling Ring
Miami authorities officer Jerry Sutherland surrendered to the FBI after being accused of offering protection to a gambling that is illegal in the city. (Image: CBS4)
A Miami authorities officer surrendered to FBI officials Monday on charges he took cash payments from an illegal sports betting 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 possible sentence of up to 20 years in prison each.
According to an FBI press launch, Sutherland was charged by information instead than indictment.
It’s usually an indicator that he is cooperating with investigators in the research, though his lawyers never have released any facts about the case.
They did, however, say they were 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 should not be taken being an indictment of this entire authorities division.
‘I 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 very seriously.’
‘The allegations surrounding Mr. Sutherland are in no way a reflection of the hard working men and women for the Miami Police Department,’ Llanes added.
According to a press release through the FBI, Sutherland is speculated to have agreed to protect the activities ring that is betting or around January 28, 2014.’ It further alleges that Sutherland ‘facilitated the theft of proceeds from an illegal gambling operation 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 become a member of the Miami Police Department since soon after graduating from high college.
He also once attempted to run for a populous 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 simply one of several related to activities betting and misconduct by officers which have recently surfaced in the Miami Police Department.
In 2013, a major sports gambling protection racket had been busted, ending the professions of about ten Miami cops who were fired, resigned, or were convicted of crimes in connection to your betting ring that was based out of a barber shop that is local.
That case was apparently unrelated to the Sutherland arrest.
In a separate case, three Miami police officers 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 instead than using the ongoing businesses which had agreements with the town of Miami, and gathered payments from providing the information and knowledge.
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 offers and auto that is also involved stores that overstated the damage to vehicles so that you can boost the worth of insurance claims.