After One Day of SOPA Protest, Feds Shut Down Megaupload.com

Written on:January 20, 2012
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MegaUpload.comThe Justice Department has indicted seven individuals and two companies behind the popular file sharing website Megaupload.com which.
The indictment alleges that the website and a shell company associated with the website, Vestor Limited, caused an estimated half-billion dollars in copyright losses and made an estimated $175 million in proceeds. The website was established in 2005 and at one point ranked as the 13th most visited website on the Internet.
The indictment accuses the suspects of being members of “the Mega Conspiracy, a worldwide criminal organization whose members engaged in criminal copyright infringement and money laundering on a massive scale.”
The case comes a day after internet companies and websites such as Google, WordPress and Wikipedia protested about the Stop Online Piracy Act (SOPA) and the PROTECT IP Act (PIPA).

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