Megaupload online largest file sharing website is now been shut down by the us officials in the USA. And has been charged against the laws against the piracy violations laws. Federal prosecutors have accused it of costing copyright holders more than $500m (£320m) in lost revenue. The firm says it was diligent in responding to complaints about pirated material.
The news came a day after anti-piracy law protests, but investigators said they were ordered two weeks ago. US Justice Department said that Mega upload’s two co-founders Kim Dotcom, formerly known as Kim Schmitz, and Mathias Ortmann were arrested in Auckland, New Zealand along with two other employees of the business at the request of US officials. It added that three other defendants were still at large.
“This action is among the largest criminal copyright cases ever brought by the United States and directly targets the misuse of a public content storage and distribution site to commit and facilitate intellectual property crime posted on its website. The charges included copyright infringement, conspiracies to commit racketeering, copyright infringement and money laundering. A federal court in Virginia ordered that 18 domain names associated with the Hong Kong-based firm be seized. The Justice Department said that more than 20 search warrants had been executed in nine countries, and that approximately $50m in assets had been seized.
It claimed that the accused had pursued a business model designed to promote the uploading of copyrighted works. By actively supporting the use of third-party linking sites to publicize infringing content, the conspirators did not need to publicize such content on the Mega upload site. The announcement came a day after thousands of websites took part in a “blackout” to protest against the Stop Online Piracy Act (Sopa) and the Protect Intellectual Property Act (Pipa).