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He used the website as a black market bazaar to sell everything from high quality heroin to marijuana. All the transactions had to be paid with bit coins, an electronic currency designed to be anonymous as cash. Documents say he made millions in commission. This professor teaches cyberlaw at the university of San Francisco. Because of the technology, this guy was able to hide what he was doing and make it hard for the authorities to mind him. And bit coin allows you to hide what youre doing. Unlike a credit card, its untraceable. Reporter the fbi was able to trace his alleged activities to San Francisco. They said he ran silk road from an apartment where he was staying on hickory street and from an internet cafe not far from his home. He will be back here in federal court on friday for a hearing. Reporting live in San Francisco ....
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This week finds amazing performances on the stage of Feinstein's at Hotel Carmichael in Carmel, IN with the Freeform Series: JD Eicher w/ Sadie Johnson, Enchante, Morgan James and more! ....