I found an ariticle on it that everyone should read...it scares me....ALOT

As mentioned on the RIAA (Recording Industry Association of America), the penalties for breaching the copyright act differ slightly depending upon whether the infringing is for commercial or private financial gain. If you think being caught infringing on these copyright laws will result in a small fine or "slap on the wrist", think again! In the U.S.,  the online infringement of copyrighted music can be punished by up to three years in prison and $250,000 in fines. Repeat offenders can be imprisoned up to six years. Individuals also may be held civilly liable, regardless of whether the activity is for profit, for actual damages or lost profits, or for statutory damages up to $150,000 per infringed copyright.

Each year, the industry loses about $4.2 billion to piracy worldwide -- "we estimate we lose millions of dollars a day to all forms of piracy."

Recently, the music industry has taken legal action, asking the court to force Internet Service Providers (ISP’s) to turn over the names of their customers who are allegedly swapping music over the Internet, because file sharing infringes on the Copyright Act.