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Megaupload.com Shutdown, its Founder Arrested
Federal prosecutors in Virginia 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...