Megaupload - Wikipedia
The internet mogul was found in an electronically locked safe room holding a sawed off shotgun. During the raid in which Dotcom was arrested, authorities seized luxury cars, expensive art pieces, and electronic equipment. Dotcom is wanted on charges of online piracy, racketeering, and money laundering. The United States is attempting to extradite him and three other employees of the company, who were also arrested Friday and denied bail. The file sharing site, also known as a cyberlocker, gives customers the ability to quickly upload and download files. The sites are intended for sharing files like home movies and work presentations. However, they are commonly used for sharing pirated material.
Feds Shutter Megaupload, Arrest Executives
Seven individuals connected to the Hong Kong-based site were indicted on a variety of charges, including criminal copyright infringement and conspiracy to commit money laundering. His attorney, Ira Rothken of California, said neither he nor his year-old client, who resides in Hong Kong and New Zealand, was given the opportunity to surrender. Dotcom was arrested without notice, he said.
A pound hacker, street racer, and convicted computer criminal is allegedly menacing filmmakers. The founder of Megaupload, a service accused in a lawsuit of encouraging illegal file sharing, is a character right out of a studio script. Depending on who you ask, all of these sites and brands created by Schmitz--a well-known hacker in Germany who is said to have officially changed his name to Kim Dotcom--are either part of the simple and successful Internet file-storage business he founded in , or they're an extension of a vast online piracy empire that includes some of the most visited video sites on the Web--right there along with YouTube and Hulu. According to legal documents filed in California , where Schmitz, 37, is engaged in a copyright battle, he rents cyberlockers to the masses, and nobody disputes that many millions of people from across the globe use Megaupload to store or access unauthorized copies of TV shows, feature films, songs, porn, and software.