U.S. shuts down file-sharing website Megaupload.com
McLEAN, Va.— The Associated Press
Published Thursday, Jan. 19, 2012 2:46PM EST
Last updated Thursday, Jan. 19, 2012 3:31PM EST
One of the world’s largest file-sharing sites was shut down Thursday, and its founder and several company executives were charged with violating piracy laws, federal prosecutors said.
An indictment accuses Megaupload.com of costing copyright holders more than $500-million (U.S.) in lost revenue from pirated films and other content. The indictment was unsealed one day after websites including Wikipedia and Craigslist shut down in protest of two congressional proposals intended to thwart online piracy.