Chapter
The Kingpin Act and Its Role in Prosecuting Criminals
34:44 - 40:19 (05:34)
The Kingpin Act was created to prosecute criminals involved in organized crime, particularly those who engage in drug trafficking. In some cases, when authorities cannot directly charge them for a crime, they will use the act to target the individual's financial sources instead.
Clips
The Kingpin Act allows the government to pursue individuals who are involved in illegal activities, even if they cannot directly prove their involvement.
34:44 - 37:05 (02:20)
Summary
The Kingpin Act allows the government to pursue individuals who are involved in illegal activities, even if they cannot directly prove their involvement. Tax evasion charges can add up and lead to lengthy prison sentences for these "kingpins".
ChapterThe Kingpin Act and Its Role in Prosecuting Criminals
EpisodeThe Story of Black Market Kingpin Ross Ulbricht + Sam Does an AMA
PodcastMy First Million
The speaker recounts a story involving Ross Ulbrich at a party and discusses whether or not he may have been the subject of an investigation.
37:05 - 38:45 (01:40)
Summary
The speaker recounts a story involving Ross Ulbrich at a party and discusses whether or not he may have been the subject of an investigation.
ChapterThe Kingpin Act and Its Role in Prosecuting Criminals
EpisodeThe Story of Black Market Kingpin Ross Ulbricht + Sam Does an AMA
PodcastMy First Million
The father of a billionaire purchased the Bitcoin that Ross Ulbricht was arrested with during a government auction for around $20 million.
38:45 - 40:19 (01:33)
Summary
The father of a billionaire purchased the Bitcoin that Ross Ulbricht was arrested with during a government auction for around $20 million. The purchase was made because the billionaire believed that Bitcoin would become popular, even though Ulbricht's arrest suggested otherwise.