Ulbricht Found Guilty, Faces Life in Prison, Dratel Plans to Appeal

It took the jury only 3.5 hours to find Ross Ulbricht guilty for all seven charges, including narcotics trafficking and Money Laundering Money Laundering Money laundering is a blanket term to describe the process by which criminals disguise the original ownership and proceeds of criminal conduct by making such proceeds appear to be derived from a legitimate source.Money laundering is an issue that traverses countless industries and sectors, which includes the financial services space. Though criminal money may be successfully laundered without the assistance of the financial sector, billions of dollars’ worth of criminally derived money are laund Money laundering is a blanket term to describe the process by which criminals disguise the original ownership and proceeds of criminal conduct by making such proceeds appear to be derived from a legitimate source.Money laundering is an issue that traverses countless industries and sectors, which includes the financial services space. Though criminal money may be successfully laundered without the assistance of the financial sector, billions of dollars’ worth of criminally derived money are laund Read this Term. He now faces a minimum of thirty years and up to life in prison. Ulbricht's attorney Joshua Dratel plans on appealing the decision.

Oddly enough, the final few days went by with the defense presenting but a trickle of arguments, which were of practically no value. Indeed, Dratel made several calls for a mistrial throughout the proceedings. He butted heads with the prosecution and Judge Katherine Forrest repeatedly. Observing how the trial was unfolding, Dratel apparently wrote it off and had been laying the groundwork for an appeal, which Judge Forrest alluded to in a scathing critique of Dratel's tactics. Dratel told reporters outside the courthouse:

"What you saw in terms of length of deliberations is demonstrative of [what happens] when the defense is precluded and limited and circumscribed in the way that it was."

During the past year, defendants charged with money laundering, unlicensed money transmission and related crimes have had a success rate of virtually nil in cases involving digital currency. Examples include Charlie Shrem, the Liberty Reserve team, Silk Road dealers and operators of unlicensed Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term exchanges.

Some of the more passionate libertarians allege that the entire system is tilted against them. But as observed in the Silk Road trial, authorities have invested enormous amounts of time, money and technology into bringing down criminal enterprise, even on the dark web.