True Crime: Most Shocking Moments in Entrepreneurship
Megaupload founder Kim Dotcom
In early January, the popular Hong Kong-based file-sharing service was shut down by U.S. authorities, who accuse the founder of facilitating millions of illegal downloads, which they claim cost $500 million in lost revenue for entertainment artists. As the fight in Washington heats up over piracy legislation, the case is taking center stage in the press—partially due to it's oddity: A German national formerly charged with insider trading, who had changed his name to Dotcom, arrested on his birthday on his massive estate in New Zealand. Meanwhile, Megaupload is also locked in a legal battle with reps for R&B artist Mary J. Blige and Kanye West over an ad that features the singers allegedly endorsing the site.