Ross Ulbricht convicted on all counts for role in running illegal marketplace Silk Road
Ross Ulbricht, who went by the name 'Dread Pirate Roberts' online, has been convicted on all counts for running the illegal, anonymous bazaar, the Silk Road.
The Silk Road underground marketplace allowed users to purchase drugs, buy counterfeit products, and trade child pornography while paying with Bitcoin digital currency.
In just 3 hours of deliberations, the jury found Ulbricht guilty on all seven charges which included 'trafficking drugs on the Internet, narcotics-trafficking conspiracy, running a continuing criminal enterprise, computer-hacking conspiracy and money-laundering conspiracy.'
Prosecutors had alleged that Dread Pirate ran Silk Road from 2011 until its raid in 2013, and that over $200 million in Bitcoins were used to purchase illegal merchandise on the site in that time. Ulbricht was also accused of arranging to murder five people who threatened to expose sellers on the Silk Road.
In his defense, Ulbricht claimed that he was set up to take the blame by former Mt. Gox founder Mark Karpeles. The jury didn't buy it. On Ulbricht's computers they found Silk Road maintenance logs, weekly reports, online chat transcripts and over $13 million worth of bitcoins, which were then traced back to Silk Road.

Universal Pictures has confirmed the release date for the upcoming Steve Jobs biopic, just two days after we saw our first leaked scene pics from outside of Cupertino.
In an effort to get into the brick-and-mortar business, it appears that Amazon is in talks with bankrupt retailer RadioShack to buy some of their over 4000 locations.



