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Bringing Down the Bitcoin Bandits

  • Broadcast in Internet



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You've heard of the Internet, but did you know it had a darkside?  The FBI, DEA, IRS and US Customs recently caused the world's largest black market site called Silk Road to go dark by using their own nefarious tactics against them.  The site, which conducted billions of dollars in business using an online  currency known as bitcoins, was shut down on October 1 and its alleged operator Ross Ulbricht was arrested in San Francisco.  Silk Road was to the underworld what Amazon is to the rest of us.  The black market storefront offered everything from cocaine to fake passports. With nearly a million customers and $1.2 billion in sales, the site also served up many other illicit services including those of forgers, computer hackers and hit men.  Speaking of hit men, Ulbricht is also under indictment forattempting to have a former employee murdered, So if you want to see how the feds brought down the biggest online underworld kingpin then tune into this episode of Working the Web to Win.