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Home : News : FBI Shuts Down Megaupload File-Sharing Site

megaupload
megaupload

FBI Shuts Down Megaupload File-Sharing Site

The FBI claims that Megaupload and its sister company Vestor Limited generated $175M in revenue and "caused more than a half a billion dollars in harm to copyright owners.

Jan 19, 2012 by J. Frank Wilson
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Reading Time: < 1 minutes

Lookout software and media pirates! The FBI just shut down the popular file-sharing site Megaupload and Megavideo, its video streaming site. According to a press release on the Department of Justice website, authorities have arrested several people in New Zealand so far, including founder Kim Schmitz (aka Kim Dotcom). They are all charged with “conspiracy to commit racketeering” and copyright infringement.

Megaupload-Rapido
Megaupload Screenshot

The FBI claims that Megaupload and its sister company Vestor Limited generated $175M in revenue and “caused more than a half a billion dollars in harm to copyright owners.” In addition to Kin Dotcom, among those being charged are site co-founder Kim Tim Jim Vestor and Chief Marketing Officer Finn Batato.

Megaupload Vs Fbi
FBI Seizes Megaupload.com

What Has The Pirate Bay Done Differently Than Megaupload?

Apparently, the Megaupload guys just weren’t as clever as The Pirate Bay crew and their torrent site. The Pirate Bay has been unstoppable by authorities. In fact, The Pirate Bay taunts authorities by posting every threatening letter that they receive online.

J. Frank Wilson
J. Frank Wilson

Frank Wilson is a retired teacher with over 30 years of combined experience in the education, small business technology, and real estate business. He now blogs as a hobby and spends most days tinkering with old computers. Wilson is passionate about tech, enjoys fishing, and loves drinking beer.


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Category: News, Internet Tag: Copyright, Department of Justice, FBI, file-sharing, Finn Batato, Kim Dotcom, Kim Schmitz, Kim Tim Jim Vestor, Megaupload, Megavideo, New Zealand, racketeering, The Pirate Bay, Vestor Limited
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