Ross Ulbricht

Silk Road Mastermind in the Dock for Orchestrating a $200 million fraud

Silk Road Mastermind in the Dock for Orchestrating a $200 million fraud

On Friday, US District Judge Katherine Forrest sentenced Ross Ulbricht, the architect of the million-dollar underground drug website named Silk Road, to life imprisonment after a federal jury in February found him guilty on multiple charges.

Ross Ulbricht, 31, grew up in Austin, Texas and conspired to create an illegal website that enabled him to make anonymous online drug sales to the tune of $200 million. By operating on the Tor network, the website allowed users to communicate anonymously. Ulbricht also let customers make payments using the digital currency ‘bitcoin’, which allowed users to conceal their identities and locations.




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