Feds Seize $50 Million in Megaupload Assets, Lodge New Charges | Threat Level | Wired.com
The authorities said Friday they have seized $50 million in Megaupload-related assets and added additional charges in one of the United States’ largest criminal copyright infringement prosecutions.
Megaupload, the popular file-sharing site, was shuttered last month and its top officials indicted by the Justice Department, just days after online protests scuttled a Congressional proposal to make changes to the internet to reduce online copyright infringement.
Seven individuals connected to the Hong Kong-based site were indicted on a variety of charges…
(Emphasis mine.)
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