Illegal marketplaces have increasingly shifted to concealed parts of the internet, including the deep and dark web, as well as platforms such as Telegram, Reddit, and Pastebin. These channels enable the anonymous trade of illicit goods including drugs, weapons, and stolen credentials. Detecting and categorizing such content remains challenging due to limited labeled data, the evolving nature of illicit language, and the structural heterogeneity of online sources. This paper presents a hierarchical classification framework that combines fine-tuned language models with a semi-supervised ensemble learning strategy to detect and classify illicit marketplace content across diverse platforms. We extract semantic representations using ModernBERT, a transformer model for long documents, finetuned on domain-specific data from deep and dark web pages, Telegram channels, Subreddits, and Pastebin pastes to capture specialized jargon and ambiguous linguistic patterns. In addition, we incorporate manually engineered features such as document structure, embedded patterns including Bitcoin addresses, emails, and IPs, and metadata, which complement language model embeddings. The classification pipeline operates in two stages. The first stage uses a semi-supervised ensemble of XGBoost, Random Forest, and SVM with entropy-based weighted voting to detect sales-related documents. The second stage further classifies these into drug, weapon, or credential sales. Experiments on three datasets, including our multi-source corpus, DUTA, and CoDA, show that our model outperforms several baselines, including BERT, ModernBERT, DarkBERT, ALBERT, Longformer, and BigBird. The model achieves an accuracy of 0.96489, an F1-score of 0.93467, and a TMCC of 0.95388, demonstrating strong generalization, robustness under limited supervision, and effectiveness in real-world illicit content detection.