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McLEAN, Va. — Federal prosecutors in Virginia say they have shut down one of the world’s largest Internet file-sharing sites, Megaupload.com, and charged its founder and others with violating piracy laws.
An indictment accuses the company of costing copyright holders more than $500 million in lost revenue from pirated films and other content. The indictment was unsealed Thursday, one day after Web sites shut down in protest of two Congressional proposals intended to thwart the online piracy of copyrighted movies and TV programs.
One of the world's largest file-sharing sites was shut down Thursday, and its founder and several company executives were charged with violating piracy laws, federal prosecutors said.
Read more: www.3news.co.nz...
The individuals in the criminal enterprise -- a worldwide ring led by Australians Kim Dotcom, aka Kim Schmitz, and Kim Tim Jim Vestor -- each face a maximum penalty of 20 years in prison on racketeering charges, five years for conspiracy to commit copyright infringement, 20 years on money laundering charges and five years on related charges. Read more: www.foxnews.com...
This is a direct response to the SOPA and PIPA failure. They'll use existing laws to piece together what they wanted to do in one move. This was retaliation, in my opinion. I'm sure this was planned for a while, years maybe, but this was executed today as a response to the public. Coporations control the government, and corporations control the people.
Kasseem Dean, better known by his platinum hip hop production alias Swizz Beatz has revealed himself to be the CEO of the frequently used file sharing site MegaUpload.com.
In a time where the SOPA and PIPA issues are prominent, the existence of a major label artist CEO running a file sharing website really puts things in perspective.
hopefully this is not the first of many to come... pretty scary incident for the freedom of the internet
Originally posted by TheOneElectric
This is a direct response to the SOPA and PIPA failure. They'll use existing laws to piece together what they wanted to do in one move. This was retaliation, in my opinion. I'm sure this was planned for a while, years maybe, but this was executed today as a response to the public.
Originally posted by XPLodER
this action shows pipa and sopa are not necacery,
the feds already have ample powers to act and achive any real objective.
sopa and pipa will be bought back when no body is wactching.
REMEMBER the feds have HAD these powers the hole time they pressed for more power and acted defencless.
sopa and pipa is NOT required to bring people before the courts.
On January 19, Schmitz was arrested by New Zealand police in Auckland at his mansion in Coatesville. Believed to be valued at around $30 million and leased by Schmitz, the house is thought to be the most expensive in New Zealand.