Kim Schmitz founder of Megaupload

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 :(

About these ads

Categories: News

Tagged as: ,

5 replies »

  1. Oh lawd ! this is a sad state of affairs. They had already killed rapishare and hotfile now this. This will end in tears. We need Nubianupload now.

  2. if these companies were smart they would sell all their shows on dvd to all nations of the world for the cost the local bootlegs do. people will buy their products because the prices are real. fair trade global trade but your not giving access to everyone. does not make sense.

    mmm well another site will take its place – demand supply but hey swizzle beatz. either he is a genius or not clever. his own stuff must have been on that site so he technically did not lose out.

  3. Err…he didn’t make the company, he never owned it – Kim Dotcom. Dude came too late to reap the benefits. Plus, megaupload/megavideo had already been pissing me off with their limits & whatnots.
    @lechatnoir, rapidshare killed itself, those waiting times are atrocious. And both RS and HF are still alive. Now if MediaFire decides to pull a RS and/or gets shut down, then I would really be in tears.

    Now this is pure comedy.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Follow MAD NEWS on

Enter your email address to follow this blog and receive notifications of new posts by email.

Follow me on Twitter




January 2012
« Dec   Feb »

Get every new post delivered to your Inbox.

Join 360 other followers

%d bloggers like this: