01 Apr '14, 5pm

Alleged Silk Road Creator's Lawyer Denies Bitcoin Is 'Monetary Instrument,' Moves To Drop All Charges

Alleged Silk Road Creator's Lawyer Denies Bitcoin Is 'Monetary Instrument,' Moves To Drop All Charges

As bold as it seems, Dratel’s argument against Bitcoin’s inclusion in money-laundering laws isn’t necessarily the most important for his client’s fate. He also argues that the majority of the charges against Ulbricht should be dropped because he didn’t actively participate in any of the narcotics trafficking, computer fraud, or money laundering prosecutors accuse the Silk Road of enabling. Instead, Dratel says, he merely hosted the platform on which those illegal activities were carried out by the Silk Road’s users–After all, the site served as a third-party e-commerce marketplace, with a business model closer to e-Bay’s hosted sales rather than Amazon’s actual stocking and shipping of goods.

Full article: http://www.forbes.com/sites/andygreenberg/2014/04/01/alle...

Tweets

Lawyer of alleged Silk Road founder: No currency = no money laundering

Lawyer of alleged Silk Road founder: No currenc...

rt.com 02 Apr '14, 9am

submitted by Ulbricht’s lawyer, Joshua Dratel, was made public on Tuesday by the Wired. The document shows Dratel was quic...

Alleged Silk Road owner says he can't be guilty of money laundering if bitcoin isn't money

Alleged Silk Road owner says he can't be guilty...

theverge.com 01 Apr '14, 6pm

Ross Ulbricht, who stands accused of running the Silk Road black market under the name "Dread Pirate Roberts," says that n...

Alleged Silk Road founder can't be guilty of money laundering since Bitcoin isn't money, argues lawyer.

Alleged Silk Road founder can't be guilty of mo...

businessinsider.com 01 Apr '14, 7pm

Free Ross Ulbricht Ross Ulbricht See Also The Toy Car Company That Launched At Apple's Developer Conference Thinks It's So...