Latest in File sharing

Image credit:

Federal prosecutors shut down Megaupload file-sharing site, founders charged

44 Shares
Share
Tweet
Share
Save

Sponsored Links

Details are still somewhat light at the moment, but reports are now coming out that the popular Megaupload file-sharing site has been shut down by Federal prosecutors in the US, and that the site's founders and other individuals have been charged with violating piracy laws. According to The New York Times, the indictment says that the company has cost copyright holders some $500 million in lost revenue, and that the site was at one time the 13th most popular on the internet. As the Times also notes, this news comes a day after Megaupload voluntarily blacked out its website to protest the SOPA and PIPA anti-piracy legislation now being considered by Congress.

Update: As The Verge reports, the indictment itself doesn't mince any words, calling Megaupload an "international organized criminal enterprise allegedly responsible for massive worldwide online piracy," and alleging that Megaupload founder Kim Dotcom et al generated more than $175 million in "criminal proceeds." Those charges also come with some potentially hefty prison sentences, including a maximum 20 years for conspiracy to commit racketeering, five years for copyright infringement, 20 years for money laundering, and five years for each of the substantive charges of criminal copyright infringement.

[Thanks to everyone who sent this in]

All products recommended by Engadget are selected by our editorial team, independent of our parent company. Some of our stories include affiliate links. If you buy something through one of these links, we may earn an affiliate commission.
Share
44 Shares
Share
Tweet
Share
Save

Popular on Engadget

Engadget's 2019 Back-to-School Guide

Engadget's 2019 Back-to-School Guide

View
Hideo Kojima debuts six-minute 'Death Stranding' gameplay video

Hideo Kojima debuts six-minute 'Death Stranding' gameplay video

View
NVIDIA's game streaming service comes to Android this fall

NVIDIA's game streaming service comes to Android this fall

View
Study finds US carriers aggressively throttle video streams

Study finds US carriers aggressively throttle video streams

View
Two Halo characters are joining ‘Gears 5’

Two Halo characters are joining ‘Gears 5’

View

From around the web

Page 1Page 1ear iconeye iconFill 23text filevr