Man pleading guilty in drugs-for-bitcoins scheme

A Dutch national has agreed to plead guilty in Chicago's federal court to charges he used the now-closed black market website Silk Road to sell illegal drugs for bitcoins worth millions of dollars.

Cornelis Jan Slomp of Worden, the Netherlands, was charged Thursday with conspiracy to import and distribute controlled substances, including ecstasy, amphetamine and cocaine.

Prosecutors said Thursday the 22-year-old Slomp was arrested in August 2013 at Miami International Airport after he arrived on a flight from Europe. In court documents, prosecutors allege Slomp was headed to a meeting with co-conspirators to spin off his Silk Road operations.

No date for Slomp's arraignment and guilty plea has been set. Prosecutors say Slomp faces up to 40 years in prison, a $5 million fine and forfeiture of $3 million.