How Can the U.s. Seize a 'hong Kong Site' Like Megaupload?

The Megaupload takedown, and the arrest of its key employees, might seem to vindicate late 1990s worries about the Internet and jurisdiction. Does putting a site on the 'Net, though it might be hosted anywhere in the world, subject you simultaneously to the laws of every country on earth?

From Arstechnica
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