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How do we not have a news topic here? :o

 

File-Sharing Site Megaupload Shut Down Over Piracy, Execs Indicted

 

One day after an extensive Internet blackout in protest of two pending anti-piracy bills, the Justice Department on Thursday announced that it had charged the owners of Megaupload with online copyright infringement.

Seven people and two corporations—Megaupload Limited and Vestor Limited—were indicted by a New York grand jury on Jan. 5 and charged with engaging in a racketeering conspiracy, conspiring to commit copyright infringement, conspiring to commit money laundering, and two substantive counts of criminal copyright infringement. If convicted, those involved face up to 50 years in prison on all charges.

The accused generated more than $175 million and caused more than $1 billion in harm via megaupload.com and other sites, the DOJ said....

There's more, and it's worth reading.

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