FBI Raid Silk Road, Arrest Owner

Allege narcotics, hacking, and money laundering conspiracies associated with the online marketplace

Authorities have arrested a man in San Francisco, California accused of operating an underground website that allowed users to purchase guns and drugs from around the world using encrypted, digital currency.

Ross William Ulbricht, also known as "Dread Pirate Roberts," was arrested by the Federal Bureau of Investigation on Tuesday for his alleged involvement in the Silk Road online marketplace, according to court papers published this week.