Monday, September 11, 2006

iBackups.net's owner gets 7 years in jail

ALEXANDRIA, Va. - The owner of one of the nation's largest Internet software piracy Web sites has been sentenced to more than seven years in prison.

Nathan Peterson, 27, of Los Angeles, sold products copyrighted by companies such as Microsoft Corp. and Adobe Systems Inc. at a huge discount on his site, iBackups.net, prosecutors said. The site began operating in 2003 and was shut down by the
FBI' in February 2005.

In addition to Friday's 87-month sentence, U.S. District Court Judge T.S. Ellis III ordered Peterson to pay restitution of more than $5.4 million and to forfeit the proceeds of his scheme, which included homes, cars and a boat.

Fully story...

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