Seven years for piracy

Nathan Peterson, 27, of Los Angeles, sold copyrighted software at a huge discount on his site, iBackups.net, prosecutors said. The FBI began investigating the site in 2003 and shut it down in February 2005. U.S. District Court Judge T.S. Ellis III on Friday ordered Peterson to pay restitution of more than $5.4 million. Peterson pleaded guilty in December in Alexandria, Va., to two counts of copyright infringement for illegally copying and selling more than $20 million in software.

I have to wonder why it took a full two years to shut this dudes site down. Talk about a slow process! 7 years in prison and has to pay $5.4 Million in restitution. If the quote of making $20 Million is correct, it doesn’t look like he will be hurting much in that regard.