Everything that i know about it, i read herehttp://www.gamesindustry.biz/articles/2 ... rs-from-nz
Seventy police raided ten properties, arresting the site's founder and several executives, seizing extensive physical and property assets and $8 million from banking institutions. The group stands accused of making more than $175 million from illegal activities and denying copyright owners more than $500 million in revenues.
A statement issued by the FBI regarding the operation details the charges and potential ramifications for the accused.
"The individuals and two corporations - Megaupload Limited and Vestor Limited - were indicted by a grand jury in the Eastern District of Virginia on Jan. 5, 2012, and charged with engaging in a racketeering conspiracy, conspiring to commit copyright infringement, conspiring to commit money laundering and two substantive counts of criminal copyright infringement.
"The individuals each face a maximum penalty of 20 years in prison on the charge of conspiracy to commit racketeering, five years in prison on the charge of conspiracy to commit copyright infringement, 20 years in prison on the charge of conspiracy to commit money laundering and five years in prison on each of the substantive charges of criminal copyright infringement."
Megaupload had operated by allowing users to upload files, largely music and video, which could then be downloaded by others from a uniquely generated URL. By paying a fee, users could become premium members and increase their download speeds - Megaupload's main source of income.
The site also had considerable revenues from its advertising inventory.
The US likes to make "examples" of people sometimes. It is like hitting a reverse lottery
- and NZ is all too glad to cooperate in the extradition
Hollywood *owns* quite a bit of the US Congress, it appears.