HardOCP News
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- Dec 31, 1969
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Hot off the news wire, federal prosecutors have shut down Megaupload and indicted its founder and several employees.
The indictment accuses the company of costing copyright holders more than $500 million in lost revenue from pirated films and other content. The indictment was unsealed Thursday, one day after websites shut down in protest of two congressional proposals intended to thwart the online piracy of copyrighted movies and TV programs. Megaupload.com has claimed it is diligent in responding to complaints about pirated material.