–If you’ve ever used a peer-to-peer network and swapped copyrighted files, chances are pretty good you’re guilty of a federal felony. It doesn’t matter if you’ve forsworn Napster, uninstalled Kazaa and now are eagerly padding the record industry’s bottom line by snapping up $15.99 CDs by the cartload. Be warned–you’re what prosecutors like to think of as an unindicted federal felon. I’m not joking. A obscure law called the No Electronic Theft (NET) Act that former U.S. President Bill Clinton signed in 1997 makes peer-to-peer (P2P) pirates liable for $250,000 in fines and subject to prison terms of up to three years. (You may want to read it, since you’ll likely be hearing more about it soon.) Full Story
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