February 8, 2014
Last November, Ross Ulbricht’s lawyer Joshua Dratel told reporters only hours after first meeting his client that he planned to show that Ulbricht is not the “Dread Pirate Roberts” who created the Silk Road anonymous drug sales site. It seems he wasn’t bluffing.
On Friday, Ulbricht pleaded “not guilty” in a Manhattan court to all charges that he created and managed the Silk Road, the world’s most popular anonymous, Bitcoin-based digital black market for drugs. Those charges, which were formally levied against Ulbricht on Tuesday, claim that he conspired to traffic in narcotics, hack computers, and launder money, as well as that he engaged in a “continuing criminal enterprise,” a charge sometimes called the “kingpin statute,” often aimed at mafia and cartel bosses.