Don't miss

Replay


LATEST SHOWS

YOU ARE HERE

Cognac, 'liquor of the gods'

Read more

BUSINESS DAILY

Airbus flying high as profits soar

Read more

REPORTERS

Pakistani Taliban set their sights on police

Read more

DEBATE

Are Airbnb and Uber creating a 'black economy'? (part 2)

Read more

DEBATE

Are Airbnb and Uber creating a 'black economy'? (part 1)

Read more

IN THE PAPERS

'Jihadi John' unmasked

Read more

ENCORE!

How French women wash

Read more

THE BUSINESS INTERVIEW

'We need to constantly renew ourselves', says CEO of Lego

Read more

EYE ON AFRICA

Nigeria unrest: Boko Haram attacks kill dozens

Read more

Americas

US arrests founder of Silk Road illegal drugs website

© afp

Text by News Wires

Latest update : 2013-10-02

US authorities have shut down the Silk Road website and arrested its founder, Ross William Ulbricht, for offering illegal drugs and services online, the Justice Department said in a statement on Wednesday.

US authorities said Wednesday they had shut down the Silk Road website and arrested its owner on charges he ran an online black market for illegal drugs and services.

Ross William Ulbricht, also known as "Dread Pirate Roberts," was arrested on Tuesday in San Francisco after the website was shuttered, the Justice Department said in a statement.

Prosecutors said they seized approximately $3.6 million worth of Bitcoins in the largest ever seizure of the virtual currency.

"The Silk Road website has served as a sprawling black market bazaar where illegal drugs and other illicit goods and services have been regularly bought and sold by the site's users," FBI special agent Christopher Tarbell said in a criminal complaint filed in a federal court.

From about January 2011, Ulbricht ran a marketplace that hawked heroin, cocaine, LSD, and methamphetamine as well as hacker tools such as software for stealing passwords or logging keystrokes on people's machines, according to the court documents.

Prosecutors also charged that in March of this year, Ulbricht tried to hire someone to kill a Silk Road user who threatened to expose the identities of others using the website.

(AFP)

 

Date created : 2013-10-02

  • TECHNOLOGY

    Indian 'click farms' generate Facebook likes for cash

    Read more

  • USA

    US, UK spy agencies ‘crack’ online security measures

    Read more

  • FRANCE

    French public may snub internet currency Bitcoin, business won't

    Read more

COMMENT(S)