‘Dread Pirate Roberts’ denied bail after prosecutors call him a flight risk because of his access to millions in Bitcoins

November 24, 2013 12:05 PM

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‘Dread Pirate Roberts’ denied bail after prosecutors call him a flight risk because of his access to millions in Bitcoins

Prosecutors also said that Ross William Ulbricht paid $730,000 to have six people murdered during Thursday's hearing in Manhattan Federal Court.

Ross William Ulbricht, the 29-year-old web wiz charged with running a $1.2 billion Internet drug bazaar, was denied bail Thursday after prosecutors said he paid $730,000 trying to get six people murdered.

Busted in San Francisco last month on allegations that he operated the underground website Silk Road under the online alias "Dread Pirate Roberts," Ulbricht asked to be released on $1 million bail, citing family ties and a clean background.

But the feds described him as a violent criminal and a flight risk with phony IDs and potential access to millions of dollars in Bitcoins, an Internet currency.

"He spent the last three years evading law enforcement and living a double life," Assistant U.S. Attorney Serrin Turner said.

Manhattan Federal Judge Kevin Fox ordered the accused crook held without bail.

His emotional mother told reporters that her son "is not a murderer. The feds have so far been unable to confirm any slayings.

Source: nydailynews.com

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