FILE-SHARING SITE MEGAUPLOAD IS SHUT DOWN
CBS News reports that file-sharing website Megaupload has been shut down by federal prosecutors, and it’s employees have been indicted.
Producer and husband of singer Alicia Keys Swizz Beatz is the website’s CEO.
According to Forbes Swizz Beatz (real name Kasseem Dean) is not CEO of Megaupload and was not charged in the investigation. His lawyer, Ira P. Rothken disclosed,
“He was in conversations to be named CEO. His involvement in the company was highly attenuated. There were discussions and he was involved in a promotional video and in brainstorming future projects, but not much else”.
The indictment claims the company has been accused of “costing copyright holders more than $500 million in lost revenue.
Well it was fun while it lasted Megaupload. It’s the end of an era.
Rest In Peace