Alleged Silk Road mastermind indicted in NY

February 4, 2014

A San Francisco man has been indicted on charges he was the mastermind behind a secret website that brokered more than $1 billion in transactions for illegal drugs and services.

An indictment unsealed in Manhattan on Tuesday charges Ross William Ulbricht with , computer hacking, and other counts. Ulbricht's attorney says his client will plead not guilty at an arraignment scheduled for Friday.

The 29-year-old Ulbricht was arrested late last year. Authorities say he operated the Silk Road site under the name "Dread Pirate Roberts," an apparent reference to the movie "The Princess Bride."

The website allowed users to anonymously browse through nearly 13,000 listings. Authorities say the categories included "Cannabis," ''Psychedelics" and "Stimulants." Purchases were made using the virtual currency Bitcoin.

Explore further: Black market site owner faces US murder plot charge

Related Stories

Man pleads guilty to playing key drug site role

November 7, 2013

A Utah man has pleaded guilty to a drug conspiracy charge for his role in an online black market known as the Silk Road that authorities say brokered more than $1 billion in transactions.

Recommended for you

Magnetic fields provide a new way to communicate wirelessly

September 1, 2015

Electrical engineers at the University of California, San Diego demonstrated a new wireless communication technique that works by sending magnetic signals through the human body. The new technology could offer a lower power ...

0 comments

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.