Silk Road was shut down and the FBI has arrested the man who operates and produced the most sophisticated on-line drug bazaar to day. Ross William Ulbricht was arrested on Tuesday afternoon charging him with drug trafficking, money laundering and pc hacking, according to CNN Cash on Oct. two.
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Ulbricht went to great lengths to conceal where his illegal business was primarily based and he went to great lengths to maintain the FBI from finding out his identity, but in the end it was his “carelessness” that got him caught.
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For two and a fifty percent years, the FBI has been scorching on the trail of finding the origin of Silk Street and finding the grasp thoughts powering this unlawful drug promoting web site. The net really worth of the web site is about $85 million.
So there you have it. A business that soared to the top of the search engines, got a particular number of individuals to signal up (I was 1 of them) and the current letter, received these days and 1 I read in my e-mail just prior to I wrote this update.
The man was arrested at the San Francisco Community Library, Glen Park Branch, at 3:15 p.m. on Tuesday. Ulbricht was known by a nickname online, “Dread Pirate Roberts.” The FBI teamed with other government companies on the take down of the Silk Road website. The IRS, Drug Enforcement Administration, Division of Immigration and Customs Enforcement. The FBI was able to seize $3.5 million in bitcoins during Ulbricht preliminary arrest.