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.
UPDATE: Federal Prosecutors Shut Down File Sharing Site Megaupload for Piracy Violations
UPDATE 2: Megaupload Lawyer: Swizz Beatz Was Merely ‘Negotiating to Become the CEO’
With all the blackouts and SOPA? PIPA? NOPA! chanting yesterday, we missed this exquisite gem of a revelation: Swizz Beatz, husband to Alicia Keys and producer-in-residence at NYU, also happens to be the CEO of Megaupload.com. [Ed note: Megaupload’s lawyer now says Mr. Beatz was only negotiating to the CEO.]
For the uninitiated, Megaupload is a service that lets users send and share large media files. It also happens to the site Betabeat used just last night to watch a, um, free version of the latest episode of “New Girl” since the ad-supported version was unavailable on Hulu. Under SOPA’s strict guidelines, we believe the punishment for such impudence is being drawn-and-quartered.