Silk Road’s largest dealer of methamphetamine has pleaded guilty to charges of conspiracy to export controlled substances and money laundering.
Jason Weld Hagen of Vancouver reportedly raked in over $600,000 in sales, using bitcoin, between August 2012 and December 2013.
Hagen was arrested, along with three co-conspirators, after another man arrested on drug-related charges led authorities to him as part of a deal. The group made 3,169 sales of narcotics, typically in half-gram increments and hidden in DVD cases labelled “South Beach Workout.”
Forex in Russia: 100 Steps BackGo to article >>
In the Portland court handling the case, Senior US District Judge Robert E. Jones asked Hagen how he came to start selling drugs considering he has a PhD in philosophy from Purdue. Hagen replied that after college he was faced with a choice of becoming an entrepreneur or a professor in philosophy. “I decided to become an online entrepreneur,” he said.
He operated under the pseudonym “hammertime” on Silk Road.
The meth was produced in various countries including the US, Australia, UK and Czech Republic, and supplied by one of the co-accused, Richard Webster.
Both prior to and after the conviction of the alleged “Dread Pirate Roberts” (DPR), Ross Ulbricht, arrested Silk Road dealers have been periodically tried as well, and have either pleaded or have been found guilty.