Swizz Beatz's Megaupload Shut Down By Federal Prosecutors

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Swizz Beatz's Megaupload Shut Down By Federal Prosecutors

Shortly after it was revealed that Swizz is the CEO, the Feds shut down the cloud storage site.

Shortly after it was revealed that Swizz Beatz is CEO of Megaupload, the cloud storage site has been closed down by federal prosecutors.

According to the Associated Press, feds in Virginia have shuttered the cyberlocker site, charging its founder Kim Dotcom and others with violating piracy laws. The indictment claims that the site has costed "copyright holders more than $500 million in lost revenue from pirated films and other content."

In December, Swizz helped recruit artists such as Kanye West and Diddy to appear in a video promoting the site, which was once the 13th most trafficked site in the world.

RELATED: Swizz Beatz Revealed As CEO Of Megaupload, Sues UMG

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