$175 Million MegaUpload Fraud

$175 Million MegaUpload Fraud

Megaupload, one of the internet’s largest file-sharing sites, has been shut down by officials in the US.

The site’s founders have been charged with violating piracy laws.

Federal prosecutors have accused it of costing copyright holders more than $500m (£320m) in lost revenue. The firm says it was diligent in responding to complaints about pirated material.

Added on: May 8th, 2012

Category: MONEY, NEWS

 
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