Grand revealing, grand closing. A day after Swizz Beatz was exposed as the head of the file sharing website Megaupload, the site has reportedly been shut down with employees indicted. No word if Swizz was charged. More details to come. UPDATE: Swizz not named in indictment. UPDATE 2: Megaupload lawyer says Swizz was in negotiations but never made CEO. UPDATE 3: Not so fast, FEDS looking to pursue Swizz.

Wait, stop the party presses. According to the NY Post, Swizz Beatz is the monster behind Megaupload. Who knew?! Last month, Universal Records issued cease and desists to have promos featuring their artists removed. Mega returned fire with a lawsuit. Period. A Mega rep told us: