Eric Holder Launches Probe into Mortgage-Backed Securities Fraud

U.S. Attorney General Eric Holder Friday announced the formation of a task force focused on probing residential mortgage-backed securities following President Barack Obama's call for a unit to probe the finance industry's conduct leading up to the financial crisis.

Jan Brewer, Barack Obama Have History of Clashing

When Arizona Gov. Jan Brewer confronted President Barack Obama on a tarmac and thrust an accusing finger at him, it was a small skirmish in a larger battle between Brewer and the Obama administration.

Kim Dotcom: What's next for Megaupload, Megavideo Founder Denied Bail?

Kim Dotcom, founder of file-sharing sites Megaupload and Megavideo, was denied bail on Wednesday. A New Zealand judge ruled that the copyright infringement suspect, a.k.a. Kim Schmitz and Kim Tim Jim Vestor, would be in custody for at least another month, saying he posed a significant flight risk.

Megaupload Shutdown: How MegaBox Would've Made Mega Millions

After Megaupload's entire service was shut down and its founders arrested, a new report has emerged, which details a new Megaupload venture called Megabox that would've given music artists more money than and leverage against the Recording Industry Association of America.

FileSonic and Commit Suicide Following Megaupload Crackdown: What About Others?

The sudden crackdown on popular online storage and file-sharing site Megaupload has prompted rivals FileSonic and to commit suicide by voluntarily limiting their file-sharing services and allowing users to only retrieve the files they have personally uploaded. No wonder, the U.S. feds' action has left everybody wondering whether other sites like Rapidshare, MediaFire, Dropbox, etc., which offer file-sharing and cloud storage services, will be next in the crosshairs of anti-piracy ...


A federal notice posted on the Megaupload site

Megaupload Busted: Can Kim Dotcom Win the Copyright Fight?

This is not the first time Megaupload's founder Kim Dotcom had his brush with the law. In 2002, he was convicted in what was then the largest insider-trading case in German history and a Munich court sentenced him to 20 months probation and a 100,000 euro fine. Can he win the legal battle this time?
SOPA blackout

SOPA Shelved in House Following PIPA Delay, Netizens Celebrate

Close on the heels of the Senate delaying the vote on PIPA (Protect IP Act), U.S. Rep. Lamar Smith (R-Texas) also announced that the House of Represenative has shelved the anti-piracy bill SOPA (Stop Online Piracy Act) until there is wider agreement on a solution.
SOPA Protest in San Francisco

Megaupload Crackdown: SOPA/PIPA Inevitable?

Web sites connected to SOPA were attacked and temporarily knocked offline. Notorious hacker collective Anonymous took credit for the attacks that included, the DOJ Web site, and Web sites for the U.S. Copyright Office and Recording Industry Association of America. Anonymous claimed to have hacked the government sites in retalliation for the Megaupload sites, and the others because they are lobbying heavily for passage of SOPA.