Mark Gorton, founder of peer-to-peer file sharing site LimeWire, has admitted that the service breached copyright law.
During the ongoing court case against LimeWire (in which a group of record labels claimed they were owed $75 trillion), Gorton said in court that he had misconstrued copyright law.
He said in court, "I was wrong. I didn't think our behaviour was inducing [copyright infringement]. I understand that a court has found otherwise."
Making an example
Gorton also admitted to refusing to close LimeWire despite knowing that users were swapping songs without paying for them.
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The ongoing court case has already seen LimeWire be shut down and Gorton found liable for the copyright infringements; all that's left is for a jury to decide how much he should pay in damages.
While the $75 trillion figure suggested by the Recording Industry Association of America (RIAA) was dismissed as ludicrous by the judge, Gorton is still facing a fine of between $7 million and $1.4 billion.