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A University of Texas at Dallas graduate is accused of operating a vast black market bazaar that brokered more than $1 billion in transactions for illegal drugs and services, according to court papers released Wednesday.

A criminal complaint in New York accused Ross William Ulbricht of being the mastermind and charged him with narcotics trafficking, computer hacking and money laundering. A separate indictment in Maryland accused him in a failed murder-for-hire scheme.

Ulbricht, 29, apparently split his time between Austin and San Francisco.