Megaupload.com was shut down on Thursday after the U.S. Department of Justice indicted seven owners of the file-sharing site for content piracy and losses of half a billion dollars to those with copyrights. Contrary to rumors, music producer Swizz Beatz is not the CEO of Megaupload and does not own a stake in the company, according to court documents filed by the Department of Justice.
Forbes reported that the producer and husband of singer Alicia Keys was not among the seven Megaupload shareholders arrested Thursday. His name, which is really Kasseem Dean, does not appear in the 72-page indictment.
Click here to view and read the full indictment text.
Rumors spread on Thursday that Swizz Beatz was Megaupload's CEO. However, the indictment reveals that the main culprit is Kim Dotcom, whose real name is Kim Schmitz. Schmitz who owns 68 percent of Megaupload. The six other investors own a combined 32 percent share. According to Forbes, if Swizz was given a stake in the company, it's not on the books. Four were arrested in New Zealand.
A lawyer for Megaupload told The Daily News that Swizz Beatz was in talks with the company to take the CEO position.
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He was in conversations to be named CEO, lawyer Ira P. Rothken said. His involvement in the company was highly attenuated. There were discussions and he was involved in a promotional video and in brainstorming future projects, but not much else.
Megaupload was one of the Internet's most popular Web sites with claims of over one billion users. At one point, it was ranked the No. 13 most-frequented site on the Internet, according to the indictment. The site claims to have approximately 50 million daily visitors.
Federal authorities shut down the site on claims that it illegally shared movies, television shows and e-books. Investigators stated Megaupload's executives made over $175 million via subscription fees and online ads. They said the Web site robbed authors, movie producers, musicians and other copyright holders of more than $500 million, according to The Washington Post.
Ill-gotten executive gains will also be subject to seizure. These items reportedly include a Rolls-Royce Phantom, numerous Mercedes-Benz vehicles, a jet ski and a Von Dutch Kustom motorcycle.
A video he helped to produce for Megaupload went viral Thursday as well. The video focuses on the good of Megaupload and features a star-studded cast, including Kanye West, Jamie Foxx, Serena Williams, Kim Kardashian, Ciara and will.i.am. Universal Music Group, which backs many of the artist involved, sued Swizz and Megaupload. View the video below.
The indictment prompted the hacking group Anonymous to seek revenge, shutting down government Web sites including FBI.gov. The Motion Pictures Association of America also claimed its Web site was hacked.