Gary Davis, who is in police custody in New York City after being accused of being involved in the activities of Silk Road, has officially initiated negotiations with prosecutors for a plea deal.
ANNOUNCEMENT: Silk Road is BACK ONLINE NOW as Silk Road 3.1 and open for business. The team did a change and upgrade for a reason we can only assume for security.
The 29-year old Irish national was extradited in July to the United States after the Supreme Court approved the request.
Davis is facing multiple charges that can carry a sentence to life, including conspiracy to distribute drugs, money laundering and hacking.
The suspect, however, denied all these three charges during a court hearing in New York on July 19.
Now, Davis has commenced talks with prosecutors to get an exclusive deal which would see him serve a lesser sentence but in exchange to pleading guilty as opposed to proceeding to trial.
A case hearing which was scheduled to happen earlier this month was adjourned for two weeks based on a request to Judge Jesse Furman from the U.S. District Court for the Southern District of New York.
According to the letter, the request for adjournment was because of the forthcoming negotiations between both parties for the plea deal.
It also outlined that Davis’s legal counsel had agreed to the said adjournment and in case they came to a resolution, the district attorney would notify the court.
Background on Davis’ Case
The Federal Bureau of Investigation filed an indictment [PDF] in 2013 alleging that Davis, who was then using “Libertas” as his pseudonym, was working alongside Silk Road’s founder and head admin, Ross Ulbricht.
Authorities believe that Ulbricht, who is at the moment serving a life sentence in the U.S., may have amassed about $18 million in profit from the total transactions on Silk Road—estimated at around $1.2 billion transactions on the site.
Authorities found a scanned image of the passport belonging to Davis on Ulbricht’s computer, together with a log that outlined that Libertas received a weekly payment of $1,500 in Bitcoin for not only facilitating drug sales but also acting on queries from dealers.
Several raids occurred in December 2013, with one targeting Davis’ residence and similar operations taking place at the homes of two other individuals who were on the FBI radar after they had retrieved information from Ulbricht’s laptop.
Extradition to the U.S.
After a court ordered Davis’ extradition to the U.S., his lawyers opposed the decision through a request for appeal.
Their argument was that if Davis were to be extradited to the U.S., he would otherwise not receive the treatment necessary for Asperger’s syndrome.
In the course of the hearing, the state has not yet accepted the medical evidence claiming that the Asperger’s condition Davis suffers is too critical to excuse him to be tried in the U.S.
In 2015, the counsel for the Irish Attorney General, argued against Davis’ extradition—terming his condition as mild, and therefore not necessitating extradition.
The Supreme Court ultimately denied this appeal, ruling that the extradition would not put him in any danger of mistreatment.
Davis has been awaiting trial since his extradition to the U.S. in July. It is unclear whether or not he will be able to work out a plea deal with prosecutors in his case, but an announcement may come soon.