WSJ 1 - Arrested Internet Pirates Walk the Plank

WSJ 1 - Arrested Internet Pirates Walk the Plank - the name...

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Arrested Internet Pirates Walk the Plank The internet piracy community took a hard hit today when the FBI shut down one of the world's most popular file-sharing website, Megaupload, Ltd. All of this happening while there is a huge debate going on in Washington over whether or not to give the government the ability to crack down on these internet pirates who break copyright law s and commit racketeering. It seems that now more than ever everyone is watching what is going on with cyber law. Authorities have collected e-evidence to drum up the complaint that Megaupload Ltd. and its sister sites generated more than $175 million in criminal proceeds and caused more than half a billion dollars in harm to copyright owners. The main defendant in this case is a man by
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Unformatted text preview: the name of Kim Dotcom who was named as the founder and until last year chief executive of Megaupload. Quite an ironic last name for a man running "the largest and most active criminally operated website targeting creative content in the world." Mr. Dotcom and his counterparts have clearly violated business ethics and this begs the question if these file-sharing sites had any sort of moral minimum . Obviously, the copyright owners feel they are entitled to some sort of remedy and the U.S. is moving to seize a great deal of property, including $175 million or more and the funds from dozens of bank accounts. It will be very interesting to see what type of award is granted to the plaintiff s in this case....
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