Megaupload could be in mega trouble as Federal prosecutors who accuse file-sharing site Megaupload of being a hotbed of digital piracy, and also claims the company has denied copyright holders an estimated $500 million and that those indicted have earned roughly $175 million in the process.
The letter, submitted Friday in the Eastern District of Virginia, says that government investigators have finished executing search warrants at centers where Megaupload and MegaVideo files are stored. According to the indictment filed Megaupload has claimed more than 180 million registered users in its 5-year existence. While some users say they used the site to look for movies, television shows and other material that may be copyrighted, numerous others have complained that they've lost access to personal and professional materials stored there. It is just one of those situations where a few bad apples have ruined it for everyone. The company said it's not aware of why the government suggested February 2 as the day files could be deleted.
Any and all users of this site are advised to get their files off of the website as soon as possible. While removing your files will not permanently delete them from the site (or save you from possible leagle action of uploading copyrighted material), it will provide users who use the site the way it was intended with backups of their files.
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