Alleged Silk Road Founder Loses Bid For Bail

Law360, New York (November 21, 2013, 8:37 PM EST) -- A New York federal judge on Thursday denied bail for Ross William Ulbricht, the alleged owner of contraband website Silk Road, citing government claims of his involvement in six planned murders-for-hire.

Ulbricht poses a flight risk and represents a potential danger to the community, U.S. Magistrate Judge Kevin Fox said at a hearing, noting that prosecutors had presented "powerful evidence" in their case against him.

The judge also pointed to government allegations that Ulbricht attempted to solicit a half-dozen murders, at a cost of $730,000, against...
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