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The stock market may be doing so well that it's causing more baby boomers and Gen Xers to drop out of the labor force

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RetailSilk Road

Silk Road mastermind pleads for light sentence

By
Benjamin Snyder
Benjamin Snyder
Managing Editor
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By
Benjamin Snyder
Benjamin Snyder
Managing Editor
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May 27, 2015, 11:03 AM ET
Photograph by Reuters
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The convicted founder of Silk Road, the shuttered online black market, is pleading for a lighter sentence.

Ross Ulbricht’s plea came in a letter to the judge who is set to make a decision Friday. Ulbricht, 31 faces the possibility of life in prison. The letter is the first time Ulbricht has spoken out for himself, according to Business Insider. He did not testify during the trial.

“When I created Silk Road I wasn’t seeking financial gain,” he wrote in the letter.. “I created Silk Road because… I believed at the time that people should have the right to buy and sell whatever they wanted so long as they weren’t hurting anyone else.”

He’s hoping to receive the least amount of time in prison possible, 20 years; 97 of Ulbricht’s friends and family have written letters in his defense.

“Silk Road was supposed to be about giving people the freedom to make their own choices, to pursue their own happiness,” Ulbricht said in the letter.

About the Author
By Benjamin SnyderManaging Editor
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Benjamin Snyder is Fortune's managing editor, leading operations for the newsroom.

Prior to rejoining Fortune, he was a managing editor at Business Insider and has worked as an editor for Bloomberg, LinkedIn and CNBC, covering leadership stories, sports business, careers and business news. He started his career as a breaking news reporter at Fortune in 2014.

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