| NEW YORK
NEW YORK Feb 7 A Texas man accused of creating
an underground online drugs marketplace called Silk Road will
face trial in November.
U.S. District Judge Katherine Forrest in Manhattan scheduled
the trial for Nov. 3 as Ross Ulbricht, 29, pleaded not guilty to
a four-count indictment unveiled on Tuesday. The charges include
money laundering conspiracy and engaging in a continuing
"I know your client is in custody, so I'm sure you'd like to
get this done sooner rather than later," Forrest said to
Ulbricht's lawyer on Friday.
Ulbricht, who prosecutors say went online by the name "Dread
Pirate Roberts", has been incarcerated since his arrest in
Prosecutors say that Ulbricht owned and operated Silk Road,
which they allege sold drugs and criminal services in exchange
for the digital currency bitcoin.
The bulk of the items for sale on Silk Road were illegal
drugs including heroin, cocaine and ecstasy, prosecutors say.
The site also carried listings for computer hacking services,
forgeries and malicious software, according to authorities.
Prosecutors say that Ulbricht, managing a small staff of
paid site administrators, reaped tens of millions of dollars in
commissions through Silk Road.
The indictment charges Ulbricht with one count each of
narcotics conspiracy, engaging in a continuing criminal
enterprise, conspiracy to commit computer hacking and money
U.S. authorities have to date seized 173,991 bitcoins that
at current exchange rates are worth more than $130 million,
according to CoinDesk, a bitcoin price index publisher.
Federal authorities have separately charged three men
-Andrew Jones, Gary Davis and Peter Nash - in connection with
their alleged roles in assisting Ulbricht in operating Silk
The case is U.S. v. Ulbricht, U.S. District Court, Southern
District of New York, No. 13-06919.