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

Silk Pa<span id="more-6201"></span>th Founder Ross Ulbricht Faces Life in Prison After Guilty Verdict

Silk Road creator Ross Ulbricht’s fortune finally ran out following a jury found the Dark Net 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 following 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 online users 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 a strong anti-online gambling proponent 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 accountable for ‘Black Friday,’ the Department of Justice’s crackdown and elimination of PokerStars, Full Tilt, and Absolute Poker from the United States online gaming market. During 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.’

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 their own 2016 GOP exploratory that is presidential committee. a cohort that is close of Las Vegas Sands magnate Sheldon Adelson, the senator is adamant that online video gaming could be directly associated with terrorism.

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

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

Nonetheless, Bitcoin has remained a commonly used online poker money at several web sites, including Seals with groups, a system that keeps accounts anonymous and caters to Americans.

Ross Ulbricht Plummets Faster than Bitcoin

Launched last year, the tale 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 apartment that is small in Francisco with just a laptop and Wi-Fi.

Based on proof presented in court, through the next three years, his platform executed more than one million medication deals, making Ulbricht a revenue 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 just got in over his head. His mother Lyn says, ‘He’s very idealistic and I could see Ross thinking, ‘ I would like to create a market that is open people can freely trade.”

But having a Bitcoin bank account growing exponentially, he apparently destroyed the ‘friendly, compassionate, caring’ nature his mother described. When he was arrested, his computer seizure showed activity suggesting he had been considering hiring hit men to murder five Silk Road users who threatened to reveal his identification.

Following Ulbricht’s arrest, Silk Road 2.0 straight away launched, nevertheless the site was shutdown by the federal government exactly a year later, together 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 Japanese 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 near confidante Sheldon Adelson.

Israeli newspaper Haaretz stated this week that during a ‘financial work check out’ to Tokyo in might 2014, Netanyahu asked a ‘very senior source in the Japanese government’ to appear favorably on Adelson’s ambitions to create a casino resort in Japan, a demand that has been reportedly rejected.

Haaretz‘s source claims that the official that is japanese ‘shocked’ during the suggestion, and informed his colleagues about this.

‘This is a completely false ‘report,’ which has 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 use and advance Mr. Adelson’s interests, or those of anybody else. The things that were stated simply never were.’

Resting Giant

Adelson made no key of his desire to develop a casino resort in Japan whenever nation’s lawmakers began debating the possibility of checking 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 establish regulation for a gaming market that specialists think could potentially be the second-largest worldwide, after Macau.

It is estimated that Japan’s casino market could generate $40 eventually billion in income annually.

The casino magnate vowed that he would spend ‘whatever 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.

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 nation and was ready to begin with hiring staff.

Regulation Postponed

Today, however, Adelson’s Japanese office is probably instead peaceful; Japan’s casino bill did not pass during 2014, as expected, regardless of 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 probably missed, as a result of the lengthy bidding procedure that would ensue after legalization and amount of time it takes to make large casino complexes.

It appears like Adelson must await 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 built-in resorts there,’ he said recently.

Sheldon Adelson is truly no stranger to forming political alliances in order to further their own ends and Netanyahu is no secret to his relationship.

Sheldon Adelson has the free daily Israeli newspaper Israel Hayom, that is therefore pro-Netanhayu so 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 security to a gambling that is illegal in the city. (Image: CBS4)

A Miami authorities officer surrendered to FBI officials Monday on charges he took money payments from an illegal sports wagering operation in Liberty City as a swap 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 potential sentence of up to 20 years in prison each.

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

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

They did, but, 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 as an indictment of this whole police department.

‘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 right from the start of the investigation. Let me tell you that we simply take these allegations really seriously.’

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

According to a press release from the FBI, Sutherland is alleged to have agreed to protect the activities wagering ring ‘on or just 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 band that Sutherland was supposedly protecting.

Sutherland, 28, is a person in the Miami Police Department since right after graduating from high school.

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

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

The actual situation is one of several related to sports wagering and misconduct by officers that have recently surfaced in the Miami Police Department.

In 2013, a significant sports gambling security racket was busted, ending the jobs of about ten Miami cops 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 apparently unrelated to the Sutherland arrest.

In a separate case, three Miami police and two aids 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 rather than using the organizations that had contracts with the town of Miami, and obtained payments from providing the knowledge.

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 provides and auto that is also involved shops that overstated the harm to vehicles so that you can boost the worth of insurance claims.

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