Biggest Methamphetamine Dealer on Silk Road Pleads Guilty, Made over $600K

Silk Road's largest dealer of methamphetamine has pleaded guilty to charges of conspiracy to export controlled substances and Money Laundering Money Laundering Money laundering is a blanket term to describe the process by which criminals disguise the original ownership and proceeds of criminal conduct by making such proceeds appear to be derived from a legitimate source.Money laundering is an issue that traverses countless industries and sectors, which includes the financial services space. Though criminal money may be successfully laundered without the assistance of the financial sector, billions of dollars’ worth of criminally derived money are laund Money laundering is a blanket term to describe the process by which criminals disguise the original ownership and proceeds of criminal conduct by making such proceeds appear to be derived from a legitimate source.Money laundering is an issue that traverses countless industries and sectors, which includes the financial services space. Though criminal money may be successfully laundered without the assistance of the financial sector, billions of dollars’ worth of criminally derived money are laund Read this Term.

Jason Weld Hagen of Vancouver reportedly raked in over $600,000 in sales, using Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term, between August 2012 and December 2013.

Hagen was arrested, along with three co-conspirators, after another man arrested on drug-related charges led authorities to him as part of a deal. The group made 3,169 sales of narcotics, typically in half-gram increments and hidden in DVD cases labelled "South Beach Workout."

In the Portland court handling the case, Senior US District Judge Robert E. Jones asked Hagen how he came to start selling drugs considering he has a PhD in philosophy from Purdue. Hagen replied that after college he was faced with a choice of becoming an entrepreneur or a professor in philosophy. "I decided to become an online entrepreneur," he said.

He operated under the pseudonym "hammertime" on Silk Road.

The meth was produced in various countries including the US, Australia, UK and Czech Republic, and supplied by one of the co-accused, Richard Webster.

Both prior to and after the conviction of the alleged "Dread Pirate Roberts" (DPR), Ross Ulbricht, arrested Silk Road dealers have been periodically tried as well, and have either pleaded or have been found guilty.