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One of the reasons that Silk Road was so popular and dangerous was because it enabled people who would have otherwise never dealt drugs to become Scarface-like kingpins. That's the tale of Michael Duch, an IT consultant who has wound up being sentenced to two and a half years in prison for dealing...

July 22nd 2015 at 11:18am 0 Comments
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If you were hoping that Ross Ulbricht (Dread Pirate Roberts of Silk Road fame) was going to get a retrial, you might wanna walk those expectations back a bit. Okay; a lot. Despite the two former federal agents involved in the investigation purportedly stealing bitcoins and committing wire fraud du...

April 28th 2015 at 10:39pm 0 Comments
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Live animals. Hazardous waste. Used tires. Cash. These are all items that you can't ship via FedEx. Medication is accepted, however, as it poses no risk to the carrier -- or so it seemed. Today, FedEx was indicted in a US District Court, facing criminal charges for its role in providing logistics...

July 17th 2014 at 9:03pm 0 Comments
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Few would say the FBI was doing something wrong by shutting down Silk Road's online black market, but new research suggests that there may have been a silver lining to the service's dark cloud. Researchers Judith Aldridge and David Decary-Hetu claim in a recent study that Silk Road was cutting bac...

June 3rd 2014 at 12:13pm 0 Comments
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It may be easy to report and track stolen smartphones in the UK, but that's not preventing some of the country's shops from selling these ill-gotten handsets. A BBC undercover operation has revealed that at least eight stores in London are willing to buy stolen phones, even when the hardware is ob...

April 14th 2014 at 11:00am 0 Comments
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Nothing like a little bad press to change corporate policy. Diane Campbell made US national news this week (seriously) when her attempts to purchase an iPad with cash were rejected. Apple's no-cash policy (credit cards and debit cards only please) was put in place by Apple as a means of ensuring th...

May 20th 2010 at 1:31am 0 Comments
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It's well known that China has a significant black market problem, especially when it comes to electronics, including the iPhone. Earlier this week, Chinese officials reported raiding a factory in Huaqiangbei, Shenzhen in Southern China, where they seized 1,000 counterfeit iPhones and arrested 28 wo...

January 20th 2010 at 11:30am 0 Comments