02:09 GMT +317 June 2019
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    Silk Road Founder Ross Ulbricht Sentenced to Life in Prison

    © AP Photo / Vicki Behringer, File
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    Ross Ulbricht, or "Dread Pirate Roberts", the mastermind behind the internet’s own Bitcoin based black market- Silk Road, was sentenced to life in prison on Friday. The sentence was the maximum which could have been imposed.

    Ulbricht was convicted of seven federal charges after his arrest in October of 2013.  Convictions included narcotics trafficking, computer hacking, running a criminal enterprise and money laundering.  He maintains that he started the website, but did not operate it from 2011-2013 after handing it off to a new operator.  Ulbricht and his supporters maintain that he was set up to take the legal fall.

    Two of the federal agents involved in the investigation were arrested in March and charged with stealing $800,000 in Bitcoin, compromising the investigation.


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