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MEXICO CITY — Joaquin Guzman, “El Chapo,” the most wanted drug lord in Mexico and a multibillionaire fugitive, has been captured, a senior U.S. official said Saturday.

Few details were available. But Guzman has long been considered the top prize and most elusive figure in an extensive, ongoing drug war that has left tens of thousands of Mexicans dead.

Guzman led the Sinaloa cartel, the most powerful, richest and oldest of the drug-trafficking networks in Mexico. The group is responsible for the shipment of tons of cocaine and marijuana to the U.S.

The senior official said Guzman was captured early Saturday in the Sinaloa city of Mazatlan and was being transported to Mexico City. No shots were fired in the capture, the source said, which was based on information from an informant.

In recent days, the Mexican marines have been raiding numerous properties in Sinaloa belonging to close associates of Guzman.

Guzman was arrested in Guatemala in 1993 but escaped from prison in 2001 and has been on the lam ever since.

Source: LA Times

Owners of the 37 new dispensaries around Colorado reported first week retail sales when added together, were roughly $5 million.

Colorado, the first state to allow retail recreational marijuana sales to adults age 21 and older, has projected nearly $600 million in combined wholesale and retail marijuana sales annually. The state, which expects to collect nearly $70 million in tax revenue from pot sales this year.

source: HuffingtonPost

Ross Ulbricht, known as Dread Pirate Roberts to users of the SilkRoad website, was arrested last week, the FBI seized 26,000 Bitcoins belonging to Silk Road customers. But it also attempted, unsuccessfully, to claim the nearly 600,000 – thought to be worth around $80m – which Ulbricht himself is thought to be holding.

Silk Road is a notorious black market website which helped dealers to sell drugs under the cloak of anonymity.

Bitcoin is a digital currency based on a methods of cryptography similar to those used to protect confidential emails. Due to its decentralised nature – the currency does not rely on any centralised agency to process payments, instead relying on work done by users’ computers – it is popular for a number of fringe-legal and illegal uses. One of those uses was Silk Road, where Bitcoin was required for all transactions. 1 Bitcoin is equivalent to $138 usd.

According to the FBI’s complaint, the arrest led to the seizure of $3.6 million in bitcoins—the virtual currency Silk Road users employed to buy and sell illegal drugs online.

Though the FBI’s seizure was the second most valuable act of bitcoin confiscation ever, the Feds were actually unable to appropriate the vast majority of bitcoins associated with the Silk Road enterprise, Ulbricht’s personal stash. Roughly $80 million worth of bitcoins—the personal fortune Ulbricht amassed by running Silk Road—remains untouched by the government

So why can’t the FBI get its hands on the money? The reason has to do with the design of bitcoins themselves. A bitcoin cannot be transferred  from one user to another without the first users “private key,” or password to verify the transaction. Unless Ulbricht hands over his password, the FBI will be unable take possession of the money.

source: Forbes

“Former teenage drug dealer White Boy Rick became one of the most famous informants in history when he began meeting in secret with Detroit police to sell info about other criminals when he was just 15. He would go on to become entrenched in corrupt politics. Here, Rick discusses his story, and how his relationship with the police ended when he was convicted of drug trafficking at age 17.”

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The daughter of bi sexual  republican congressman Michael Huffington and  media mogul Arianna Huffington (founder of Huffington Post) was just 16 when she tried her first line of cocaine. Soon after, she became addicted. Now 24 and sober, she tells Glamour her story—and shares the truths about drug addiction every woman should hear.

“Cocaine almost killed me” -Christina Huffington, Arianna’s daughter, speaks out about her addiction—Read full story at:  GLAMOUR

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