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FBI seizes online black market Silk Road, owner arrested in San Francisco

By Shawn Knight
Oct 2, 2013
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  1. Deep Web underground drug market Atlantis abruptly shut down service late last month and now it’s the end of the road for the site that started it all: Silk Road. The FBI was finally able to determine who was behind...

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    cliffordcooley likes this.
  2. wastedkill

    wastedkill TS Maniac Posts: 1,191   +246

    $1.2billion worth of business bull I mean big bull that is the biggest lie I have ever heard talk about trying to get this guy into prison by talking out your *** I mean come on how does 1.2million transactions result in $1.2billion worth of business thats like what $1k per transaction?

    All I can see is he is going to be charged with nothing as its just all "conspiracies" I mean come on just look "computer hacking conspiracy and money laundering conspiracy" when did he hack and where did he do money laundering?
     
  3. davislane1

    davislane1 TS Evangelist Posts: 1,533   +600

    Ba da dun dun dun, another one bites the dust!

    In all seriousness, do these guys really think they're going to be able to run billion dollar illegal enterprises indefinitely without getting caught? I thought a rule of the business (according to Hollywood) was not to smoke your own product.
     
  4. cliffordcooley

    cliffordcooley TechSpot Paladin Posts: 6,270   +1,554

    You make it sound as if they are trying to pin the tail on the donkey. It wouldn't surprise me any at all if that were the case.
     
  5. JC713

    JC713 TS Evangelist Posts: 7,065   +919

    Wow 1.2 billion dollars...
     
  6. Camikazi

    Camikazi TS Enthusiast Posts: 365   +59

    Last I checked hitmen and drugs are extremely expensive especially if you are buying drugs in bulk. This isn't a thrift store where everything is cheap this is high end illegal activity. Also money laundering could have millions passing by in one shot.
     
  7. ikesmasher

    ikesmasher TS Evangelist Posts: 1,966   +389

    Upon viewing a screenshot posted in the last TS article about deep web, I think its easy to say plenty of transactions were upwards of 1k on silk road.
     
  8. MilwaukeeMike

    MilwaukeeMike TS Evangelist Posts: 2,157   +739

    This sort of connecting logic always surprises me. The human brain does this thing where if you don't understand how something could have happened you think it didn't happen. 'I don't understand HOW he committed his crimes therefore he's not guilty' Just because you don't think Silk Road transactions could be upwards of $1000 doesn't mean he's 'Going to be charged with nothing' as you put it.
    Forget the money, ordering a hit alone will land you in jail.
     
  9. MilwaukeeMike

    MilwaukeeMike TS Evangelist Posts: 2,157   +739

    I don't think they think about it at all. According to interviews with gang members in prison (popular subjects of TV shows) they answer that question by saying they never planned on living that long. They don't have a 5 year plan, or even a 5 month plan. Their decision making process is as simple as 'Do I want to do it' or 'Do I not want to do it' Asking them 'where do you think you'll be in 5 years' would be like asking us what it'd be like to walk on Mars. They'd really have to think about it for a while to answer.

    This is the same phenomenon that makes so many pro athletes go broke 2 years after they retire despite making enough for any 10 people in a lifetime. Savings Account?! Aint nobody got time for 'dat!
     
  10. spencer

    spencer TS Enthusiast Posts: 204   +22

    This is a tragedy...The means by which they caught this guy were most likely extremely unconstitutional...how do they know this??? another win for tyranny over liberty :(.They are also probably going to arrest ww2 vets today because of the shutdown even though the ww2 memorial is privately funded;and even though we have no money to spend they are hiring multiple guards just to make sure the public can't get in this is the start of 1776.
     
  11. "Last I checked hitmen and drugs are extremely expensive especially if you are buying drugs in bulk."

    Um, not sure about hitmen but usually when you buy any product in bulk it is cheaper than buying the same amount of individual products. If you meant just simply buying a bunch of drugs then yes, in general, drugs are expensive at the street level. Buying in bulk is cheaper, but not cheaper than not buying anything at all.
     
     
  12. cliffordcooley

    cliffordcooley TechSpot Paladin Posts: 6,270   +1,554

    That means if you ordered a hit on everyone, you would get a real good bargain. :)
     


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