Month: January 2012

Anonymous, you are very wrong.

Posted by – Sunday 2012-01-22

After Megaupload.com shutdown, Anonymous countered with DDoS attacks against websites such the USA’s Department of Justice or the MPAA.

Anonymous, you are very wrong. Do you who really know is Megaupload’s founder, Kim Schmitz (alias Kim ‘Dotcom’)?

Kim Schmitz, Megaupload's CEO

Kim Schmitz
picture taken from elmundo.es

According to the Wikipedia:

In 1998, Schmitz was sentenced to a probationary sentence of two years for computer fraud and handling stolen goods. According to a report by News & Record, he had traded stolen calling card numbers he bought from hackers in the United States.

[…]

In 2001, Schmitz purchased $375,000 worth of shares of the nearly bankrupt company LetsBuyIt.com and subsequently announced his intention to invest EUR 50 million in the company. Unknown to others, Schmitz did not have the funds available to invest, although the announcement caused the share value of LetsBuyIt.com to jump by nearly 300%. Schmitz quickly sold the shares and profited $1.5 million as a result.

Schmitz had also arranged and obtained an unsecured loan of EUR 280,000 from Monkey AG, a company for which Schmitz had served as Chairman of the Board. The funds were to be paid to Kimvestor AG. As a result, both Monkey and Kimvestor went bankrupt. Schmitz expressed remorse, stating that he had been “dazzled” and had not recognized that he would be unable to repay the loans.

In January 2002, Schmitz was arrested in Bangkok, Thailand, deported to Germany, and sentenced to a probationary sentence of one year and eight months, and a EUR 100,000 fine, the largest insider-trading case in Germany at the time. Schmitz also pleaded guilty to embezzlement in November 2003 and received a two-year probation sentence.

Wikipedia: Kim Dotcom

The (now) defunct Megaupload.com has nothing to see with the Wikipedia or freedom speech in general. By supporting Megaupload.com you are actually disservicing the cause. I did not join last Wednesday blackout to support Kim Schmitz or other crooks who make tons of money by using other’s work.

I do hate the MPAA, the Spanish Sociedad General de Autores y Editores and the like. But what Kim Schmitz does is not the way to follow.