The rumors are true: Mondo Kim's, one of New York's best and highest regarded independent music and video stores, was raided by New York police Wednesday at approximately 1:00 p.m. EST for allegedly selling unsanctioned hip-hop DJ mixes featuring bootlegged tracks by RIAA artists.

This is very lame. Kim's is legendary. In this case, its over hip-hop DJ mixes, but Kim's real fame as an outlet for bootlegs comes from videos. Browsing through Kim's you will find many things you did not know exist. Everything from concert bootlegs to obscure foreign movies. Things that are out of print that you will not find anywhere else.

BoingBoing is also following this.

Pitchfork: Daily Music News - Kim's Raided by RIAA