Who is Ross Ulbricht, founder of drug marketplace Silk Road, now pardoned by Trump?
Share:
The creator of a dark web market that sold illegal drugs, stolen passports and hacking equipment using Bitcoin has been pardoned by President Donald Trump. Ross Ulbricht was sentenced to life in prison, without the possibility of parole, in 2015 in connection with his ownership and operation of the hidden website. The then-26-year-old was also ordered to forfeit $183.9m (£120.2m).
"Make no mistake: Ulbricht was a drug dealer and criminal profiteer who exploited people's addictions and contributed to the deaths of at least six young people," said Preet Bharara, US Attorney for the Southern District of New York said at the time of his incarceration.
What was Silk Road?. According to documents presented at his trial, Ulbricht created Silk Road in January 2011 and owned and operated the underground website until it was shut down by the police in October 2013. Silk Road took its name from a network of historic trading routes that were active in the second century.
It emerged as the most sophisticated and extensive criminal marketplace on the internet, where a variety of illegal drugs were bought and sold. Silk Road was used by thousands of drug dealers, distributing hundreds of kilograms of illegal drugs to more than 100,000 buyers, totaling more than $200m (£131m). Ulbricht was accused of making more than $13m (£10.53m) in commission.