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Old 01-19-2012   #1
Toby
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Default Re: Megaupload Fucked

Indicted under RICO, they're fucked.

It will be interesting to see what similar file hosting/sharing services do in an attempt to avoid the same fate.
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Old 01-19-2012   #2
Hell Puppy
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Default Re: Megaupload Fucked

Kim Schmidt has a long history of scams including embezzlement, shady trading scams, etc. Then in December he pretty much thumbed his nose at everyone, probably thinking he was untouchable.

That usually doesn't end well.

Supposedly the site had pulled over $42 million, let's see if he can skate, stay out of jail and slide out with enough of it to call it "cost of doing business". It's happened multiple times before...
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