President Trump Pardons Ross Ulbricht

(%)
MARKETS TREND

Ross Ulbricht, the founder of Silk Road, was fully pardoned by President Donald Trump on Tuesday. According to prosecutors, at least six people died as a result of the notorious dark web marketplace, which acted as a worldwide center for illegal drug sales.

 

BrokerReviewRegulatorsMin DepositWebsite
🥇Read ReviewFCA, CySEC, ASIC, MAS, FSA, EFSA, DFSA, CFTCUSD 100Visit Broker
🥈Read ReviewFSCA, FSC, ASIC, CySEC, DFSAUSD 5Visit Broker
🥉Read ReviewCySEC, MISA, FSCAUSD 25Visit Broker
4Read ReviewASIC, BaFin, CMA, CySEC, DFSA, FCA, SCBUSD 200Visit Broker
5Read ReviewASIC, FCA, CySEC, SCBUSD 100Visit Broker
6Read ReviewFCA, FSCA, FSC, CMAUSD 200Visit Broker
7Read ReviewBVI FSCUSD 1Visit Broker
8Read ReviewCBCS, CySEC, FCA, FSA, FSC, FSCA, CMAUSD 10Visit Broker
9Read ReviewASIC, CySEC, FSCA, CMAUSD 100Visit Broker
10Read ReviewIFSC, FSCA, ASIC, CySECUSD 1Visit Broker

Ulbricht, 40, has been incarcerated without the possibility of parole since 2015 after being found guilty in federal court of seven charges, including conspiracy to commit computer hacking and drug distribution.

I just called Ross William Ulbricht’s mother to let her know that it was my pleasure to have just signed a full and unconditional pardon of her son, Ross,” Trump wrote in a post to Truth Social, in recognition of her and the Libertarian Movement, which provided me with such strong support.

The Silk Road, a marketplace that operated between 2011 and 2013, allowed users to buy and sell a variety of illegal goods, including heroin and other unapproved drugs.

Federal prosecutors claim that more than $200 million in sales were made possible by the platform.

Silk Road was one of the first widespread uses of cryptocurrencies, operating as a worldwide drug bazaar at its height and conducting most of its transactions in Bitcoin. The anonymity provided by Bitcoin, according to prosecutors, was crucial in enabling Silk Road vendors to conceal their identities.

Trump linked the federal prosecutors in Ulbricht’s case to his recent federal and state prosecutions when he called them “scum” in his pardon announcement on Tuesday. He received two life sentences in addition to 40 years. “Absurd!” Trump went on.

Check out our free forex signals
Follow the top economic events on FX Leaders economic calendar
Trade better, discover more Forex Trading Strategies
ABOUT THE AUTHOR See More
Olumide Adesina
Olumide Adesina
Financial Market Writer
Olumide Adesina is a French-born Nigerian financial writer. He tracks, analyzes, and reports changes in financial markets with over 15 years of working experience in investment trading.
Related Articles
Comments
0 0 votes
Article Rating
Subscribe
Notify of
0 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments