Swizz Beatz CEO Of Huge File Sharing/Piracy Site

Federal prosecutors have shut down one of the world’s largest file-sharing sites, Megaupload.com, and charged its founder and others with violating piracy laws.

The indictment accuses the company of costing copyright holders more than $500 million in lost revenue from pirated films and other content. The indictment was unsealed Thursday, one day after websites shut down in protest of two congressional proposals intended to thwart the online piracy of copyrighted movies and TV programs.

Megaupload.com has claimed it is diligent in responding to complaints about pirated material.

The individuals involved each face a maximum penalty of 20 years in prison on racketeering charges, five years for conspiracy to commit copyright infringement, 20 years on money laundering charges and five years on related charges.

Users of the site are not happy, expressing their anger on Megaupload’s Facebook fan page. One user said, “Goodbye my lover, goodbye my friend,” and another said, “mediafire is f**king next.”

If you are file sharing feature films and television shows, you’re asking for it.

UPDATE: Megaupload was unique not only because of its massive size and the volume of downloaded content, but also because it had high-profile support from celebrities, musicians and other content producers who are most often the victims of copyright infringement and piracy.

Before the website was taken down, it contained endorsements from Kim Kardashian, Alicia Keys and Kanye West, among others.

The Hong Kong-based company listed Swizz Beatz, a musician who married Keys in 2010, as its CEO.

Amazing shit one of the worlds leading piracy sites for transferring movies and music has a CEO in the music business marries to a major star in the business. WTF?