Swizz Beatz' Megaupload Ship Goes Down—Is He Going Down With It?

This is some confusing shizz.
You know when you have to send huge files to someone, but your email won't let you, so you need a third-party site to upload your file to—so that the intended recipient can then download it to his computer?
OK, so it turns out that hip-hop producer Swizz Beatz is the CEO of one of these file-sharing sites, the Hong Kong-based Megaupload, which yesterday was shut down by the U.S. Justice Department after seven executives and software programmers were indicted on racketeering and other charges.
Does this have anything to do with Megaupload's really neat promotional video featuring Beatz' wife, Alicia Keys, Kanye West, Chris Brown, Will.i.am and a bunch of other hot music stars?