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Government: Seized Bitcoins From Criminals
Now Owns 95% of All Bitcoins to Sell on the Market
“15 Do not love the world or anything in the world. If anyone loves the world, love for the Father[a] is not in them. 16 For everything in the world—the lust of the flesh, the lust of the eyes, and the pride of life—comes not from the Father but from the world. 17 The world and its desires pass away, but whoever does the will of God lives forever. 18 Dear children, this is the last hour; and as you have heard that the antichrist is coming, even now many antichrists have come. This is how we know it is the last hour”
The history of bitcoin is that a man named James Zhong, 32 stole over 50k bitcoins from a organization called Silk Road and you can watch the movie on IMDB. Ross Ulbricht had a Bachelor’s degree in Physics and a Master’s degree in Materials Science. A jury found Ulbricht guilty on all charges that included money laundering, conspiracy to commit computer hacking, and conspiracy to traffic narcotics. In February 2015 he was sentenced to two lifetimes in prison plus 40 years with no possibility for parole. He is serving his sentence at a federal prison in Arizona.
Ulbricht was only 31 at the time of his conviction.
Misinformation about Ross’s Case
- “Ross paid to have people killed”
- “Some people overdosed from drugs bought on Silk Road and this was presented to Ross’s jury at trial
- “The book ‘American Kingpin’ is well-researched, accurate and the real story”
- “Ross is a drug kingpin”
- “Silk Road allowed the sale of child porn, human organs, hitmen and other violent listings”
- “Ross was offered a 10-year-plea deal and rejected it”
- “Ross was the only one running Silk Road”
- “Ross got a fair trial
- “Silk Road was created to sell illegal drugs”
- Murder for Hire“Ross created Silk Road for financial gain”
None the less, the in 1984 law designates the U.S. Marshals Service, “… .To seize virtual currency, onto its own wallet. …”
After cryptocurrency is transferred to a government wallet, it’s eventually liquidated. The governement liquidates the money to sell on the market. The US Marshals Service has previously held auctions of bitcoin, typically done in a series of lots. Between 2014 and 2020, the agency reportedly sold more than $7.2 billion worth of bitcoin, with $19 million purchased by billionaire venture capitalist Tim Draper. Bitcoin is sold through government exchanges where people are unaware of its origins, specifically, how the bitcoins were obtained.
Once the funds are collected it goes into the Department of Treasury Forfeiture Fund to be used for law enforcement purposes. In addition, if local law enforcement participated in the case in any way they could claim up to 80 percent of funds for their department.
The law designating forfeiture funds for law enforcement purposes was passed in 1984—pushed by Joe Biden, a young senator at the time—to encourage local police to pursue complex crimes.
Should the victims and/or victims’ families be distributed funds seized by the government?
Where did the money go from seized bitcoins?
What about the parents of children that overdosed on drugs sold on Silk Road?
Colossians 3:10 “9 Do not lie to each other, since you have taken off your old self with its practices 10 and have put on the new self, which is being renewed in knowledge in the image of its Creator”
Proverbs 4:23 Above all else, guard your heart, for everything you do flows from it.
Let’s Look at the 6th Amendment In all criminal prosecutions, the accused shall enjoy the right to a speedy and public trial, by an impartial jury of the State and district wherein the crime shall have been committed, which district shall have been previously ascertained by law, and to be informed of the nature and cause of the accusation; to be confronted with the witnesses against him; to have compulsory process for obtaining witnesses in his favor, and to have the Assistance of Counsel for his defense.
What should happen is The gradual decline of Plea Bargains lets dive a little deeper here.
Ephesians 5:1 Therefore be imitators of God, as beloved children.
Let’s take a look at wrongful convictions
Ephesians 5:8-17 8 For you were once darkness, but now you are light in the Lord. Live as children of light 9 (for the fruit of the light consists in all goodness, righteousness and truth) 10 and find out what pleases the Lord. 11 Have nothing to do with the fruitless deeds of darkness, but rather expose them. 12 It is shameful even to mention what the disobedient do in secret. 13 But everything exposed by the light becomes visible —and everything that is illuminated becomes a light. 14 This is why it is said:
“Wake up, sleeper,
rise from the dead,
and Christ will shine on you.
Deanna Watson, CEO of Sudden Changes Corporation
Ph.D. Community Psychology Program Graduate Class of 2024,
National Louis University: Chicago, IL
