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March 11, 2022 by Andy Maxwell [TorrentFreak]
The ruination of those behind pirate IPTV service Nitro TV now seems almost inevitable. A lawsuit filed by DISH Network could result in a $100m judgment and in another, filed by members of the Alliance for Creativity, the only defendant to appear has now failed to pay his lawyer. That leaves the possibility of another judgment, potentially in excess of $250 million.
Running a pirate IPTV service can be extremely profitable. One only has to look at the extraordinary wealth accumulated by Bill Omar Carrasquillo, aka Omi in a Hellcat, to see that tens of millions of dollars can be generated by a successful operation.
Hanging on to that wealth is another matter, however.
After being raided in 2019, Carrasquillo not only faces losing every penny he made, but also the prospect of a significant custodial sentence. Quite how long is currently unknown. The details of his guilty plea are currently under seal but at least in financial terms, the prospects for other IPTV operators could be even more significant.
Read more on TorrentFreak...
The ruination of those behind pirate IPTV service Nitro TV now seems almost inevitable. A lawsuit filed by DISH Network could result in a $100m judgment and in another, filed by members of the Alliance for Creativity, the only defendant to appear has now failed to pay his lawyer. That leaves the possibility of another judgment, potentially in excess of $250 million.
Running a pirate IPTV service can be extremely profitable. One only has to look at the extraordinary wealth accumulated by Bill Omar Carrasquillo, aka Omi in a Hellcat, to see that tens of millions of dollars can be generated by a successful operation.
Hanging on to that wealth is another matter, however.
After being raided in 2019, Carrasquillo not only faces losing every penny he made, but also the prospect of a significant custodial sentence. Quite how long is currently unknown. The details of his guilty plea are currently under seal but at least in financial terms, the prospects for other IPTV operators could be even more significant.
Read more on TorrentFreak...