On the RIAA website there is news of the NET Act ‘No Electronic Theft law(well I’ve never heard of it) which means that sound recording infringements (including digitally) even if for no monetary or commercial gain can land you as much as 3 years in jail and/or $250,000 in fines, yes this act includes MP3 trading. Individuals can be liable for fines upto $150,000 per work infringed regardless of whether you make a profit off of it or not. So those of you sharing thousands of mp3’s, times that by $150,000 and were talking huge amounts. details HERE
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