Ross Ulbricht, the 29-year-old alleged mastermind behind online black market Silk Road has been indicted on charges related to computer hacking, drugs and money laundering, federal prosecutors revealed on 4th February.
The announcement means that a grand jury has deemed that sufficient probable cause has been established to take action against Ulbricht, who was arrested in October on charges of possessing and distributing controlled substances, conspiring to commit computer hacking offences and money laundering offences.
Ulbricht faces a maximum life sentence for the crimes relating to his involvement with Silk Road, a largely illegal marketplace that generated an estimated $1.2bn in annual sales, if convicted.
February 04, 2014 at 09:13PM
