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Wed, Jan 18 2012 Will Russia spill blood? Tue, Jan 17 2012 Obama rejects Keystone pipeline Wed, Jan 18 2012 U.S. accuses website, execs of copyright infringement Tweet Share this Email Print Related News Lawmakers flip on piracy bills protested on Web 2:46pm EST Pockets of Internet go dark to protest piracy bills Wed, Jan 18 2012 Key facts about U.S. online piracy bills SOPA and PIPA Wed, Jan 18 2012 House to take up anti-piracy bill in February Tue, Jan 17 2012 Wikipedia to shut for 24 hours to stop anti-piracy act Mon, Jan 16 2012 Analysis & Opinion Hollywood and Silicon Valley test wikigovernment A tale of two SEC cases Related Topics Tech » Media » WASHINGTON | Thu Jan 19, 2012 3:49pm EST WASHINGTON (Reuters) - A major Internet content hosting website, Megaupload.com, its founders and employees have been charged by a U.S. grand jury over a massive copyright infringement scheme, the latest skirmish in a battle against piracy of movies and music. The group, dubbed by prosecutors as "Mega Conspiracy," was accused of engaging in a scheme that took some $500 million away from copyright holders and generated more than $175 million in criminal proceeds, according to the indictment unsealed on Thursday. "In exchange for payment, the Mega Conspiracy provides fast reproduction and distribution of infringing copies of copyrighted works from its servers located around the world," the indictment said. A federal court in Virginia ordered that 18 domain names associated with the group be seized. Further, some 20 search warrants were executed in the United States and eight countries and about $50 million in assets and targeted sites were also seized. The founders of the company - Kim Dotcom, who is also known as Kim Schmitz and Kim Tim Jim Vestor, and Mathias Ortmann - were charged. The company's chief marketing and sales officer, Finn Batato, head of development Sven Echternach and other company officials were also charged. The charges included copyright infringement as well as conspiracies to commit racketeering, copyright infringement and money laundering. Dotcom, Batato, Ortmann and another individual charged were arrested in Auckland, New Zealand, by local authorities on Thursday, the U.S. Justice Department said. Echternach and two others charged remain at large. The charges emerge as Congress is struggling over legislation sought by the movie and music industry to crack down on Internet piracy and theft of its content. Major Internet sites like Google and Facebook complained that such legislation as it was drafted would lead to censorship. (Reporting by Jeremy Pelofsky; Editing by Gary Hill) Tech Media Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. 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