Ross Ulbricht, the man accused by the FBI of running Silk Road, a billion-dollar online market that sold drugs and hacking services, was denied bail after prosecutors accused him of trying to have six people murdered.
President Barack Obama rejected calls for him to invoke the Constitution’s 14th Amendment to skirt Congressional approval for issuing new debt, as both political scholars and legal experts said such a crisis- aversion plan would be risky and potentially illegal.
From an Internet café in San Francisco, a 29-year-old free-market evangelist who called himself “Dread Pirate Roberts” allegedly used untraceable web services, an international network of servers and anonymous digital currency to run a global online exchange of cocaine and heroin.
New York’s top banking overseer said any regulation of the nascent Bitcoin industry has to include transparency on who does the trading of the virtual currency, and if that hurts a business dominated by anonymous transactions, “so be it.”
Robin Raina always had the magic touch, or so it seemed until Wednesday, when the disclosure of a U.S. criminal probe of his software company’s accounting practices blew up a proposed $820 million deal with Goldman Sachs Group Inc. to take the firm private.
Weeks after taking over as the U.S. Attorney in Manhattan in 2009, Preet Bharara said he considered whether his office could hold individuals and banks liable for the financial crisis when there wasn’t enough evidence to bring a criminal case.