[2015-05-29] Hindu: Silk Road founder faces at least 20 years in prison

Silk Road founder faces at least 20 years in prison

http://www.thehindu.com/news/international/silk-road-founder-ross-william-ulbricht-faces-at-least-20-years-in-prison/article7259360.ece

Prosecutors, though, asked for a sentence substantially longer than the 20-year mandatory minimum, saying Ulbricht “developed a blueprint for a new way to use the Internet to undermine the law and facilitate criminal transactions” before he was nabbed in a San Francisco library in 2013, two years after launching Silk Road.

Prosecutors said Ulbricht collected over $18 million in bitcoin commissions operating a website with thousands of listings under categories like “Cannabis,” “Psychedelics” and “Stimulants.” They said he brokered more than 1 million drug deals worth $213 million.