See what I mean? Still worried about my flag now?

Federal prosecutors in Virginia have shut down one of the world’s largest file-sharing sites, Megaupload.com the day after it was purchased by rapper/producer Swizz Beatz, and charged its founder and others with violating piracy laws.

Before the site was shut down this afternoon, Megaupload made news this morning when the New York Post alleged that CEO Swizz Beatz got some of his famous friends, including Sean “Diddy” Combs, Kanye West, and Will.i.am to promote his service in a video uploaded to YouTube last month. 

But after the starry promo appeared on YouTube last month, Diddy, Kanye and Will.i.am’s label, Universal Music Group, issued a “take-down notice” to YouTube, saying the artists’ performances were unauthorized. Their individual reps followed up, sources say. Mega-Upload fired back with a lawsuit against Universal to stop it from blocking distribution of the video. A Mega rep told us: “We have never received any word that any artist has [individually] filed a take-down . . . [we have] legally binding agreements with the performers that appear in the video…”

Not only did the New York Observer confirm this afternoon that Swizz Beatz is indeed the CEO of Megaupload, it appears that the rapper and record producer (and husband to Alicia Keys) will be facing a lot of tough legal battles in the future — including a few fights with some of the people within his industry.

Megaupload.com has claimed it is diligent in responding to complaints about pirated material.

The indictment says at one point, Megaupload was the 13th most popular website in the world.

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