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Ross Ulbricht found guilty of masterminding Silk Road

Gigaom

His attorneys admitted early on in the trial that Ross Ulbricht had created the Silk Road, the online drug bazaar that was busted by the FBI in October 2013 when Ulbricht was arrested. However, the defense strategy of claiming Ulbricht founded the site before passing it on to other operators (even accusing defamed MtGox CEO Mark Karpeles) didn’t work.

On Wednesday, a jury found Ulbricht guilty of charges related to the operation of the online drug website, including computer hacking, money laundering, drug trafficking, criminal enterprise and aiding and abetting the distribution of drugs over the internet. While the prosecution did bring up the murder-for-hire plots, where Ulbricht had solicited help from the Hells Angels to kill a Silk Road user FriendlyChemist, Ulbricht did not face any murder solicitation charges in the trial, according to Bloomberg, and there has been no evidence that the murders ever took place.

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