
Federal Prosecutors Shut Down File Sharing Site Megaupload for Piracy Violations
The Associated Press is reporting that federal prosecutors in Virginia have shut down Megaupload.com, one of the world’s largest file-sharing sites. The indictment accuses the company’s founder and six others of violating piracy laws.
Earlier today, we reported confirmation from Swizz Beatz’s publicist that the recording artist is indeed Megaupload’s current CEO, but he did not found the company, which was started out of Hong Kong in 2005. [UPDATE: Megaupload's lawyer now says Swizz Beatz was merely negotiating to be the CEO.] Kim Schmitz, a German entrepreneur and hacker, is the company’s founder.
Mr. Schmitz, whose aliases are listed as Kim Dotcom and Kim Tim Jim Vestor in the indictment, has run afoul of the law before. Authorities say Mr. Schmitz and three other suspects, including senior executives, are already in custody. Read More

