The recording industry will ask the International Red Cross to freeze a trust fund allegedly controlled by the owners of Sharman Networks, an Australian software company.
The music industry maintains that Sharman, the maker of the Kazaa peer-to-peer software, is owned by several companies through a trust fund registered in the Pacific island nation of Vanuatu. The Red Cross is the only beneficiary specifically named in the trust, so the recording industry, which is suing Sharman, is asking the organization to voluntarily freeze the fund until a verdict is reached in the Australian Federal Court.
“We’re preparing our approach to the International Red Cross,” says Michael Speck of Australia’s Music Industry Piracy Investigations, which spearheads the prosecution of accused pirates. “I believe this whole thing will come as a complete surprise to them, and we’re only approaching them to stop them disposing of any funds.”
Read the complete story @ Wired News
http://www.wired.com/news/digiwood/0,1412,66069,00.html?tw=wn_tophead_5
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