Megaupload boss sweats on bail decision: reports

Feb 28, 2012
Megaupload boss Kim Dotcom leaves Auckland's North Shore court after he was granted bail on February 22. Dotcom is set to learn Wednesday if he will remain free on bail in New Zealand while US authorities seek his extradition on online piracy charges, reports said Tuesday.

Megaupload boss Kim Dotcom is set to learn Wednesday if he will remain free on bail in New Zealand while US authorities seek his extradition on online piracy charges, reports said Tuesday.

The German national was released last week after a judge dismissed fears he would flee the country to escape US allegations he masterminded a "mega-conspiracy" involving massive online copyright theft.

returned to court Tuesday as appealed the ruling and sought to put him back behind bars, with television footage showing him wearing his customary black outfit and accompanied by his heavily pregnant wife.

After a day of legal argument, judge Timothy Brewer reserved a decision on whether to revoke the 38-year-old's bail and will announce his ruling on Wednesday afternoon, local media reported.

It was the portly millionaire's fourth bail hearing since New Zealand police, cooperating with the US investigation, raided his sprawling Auckland mansion on January 20.

At the first two, prosecutors successfully argued he was a serious flight risk, with the wealth and connections to slip out of the country if he wished.

But he was given bail in a surprise move last Wednesday, when a court accepted that it was in his interests to fight the case and seek to retain his assets, rather than abandon his family for a life on the run.

The and FBI allege Megaupload and related sites netted more than $175 million in criminal proceeds and cost copyright owners over $500 million by offering pirated copies of movies, TV shows and other content.

was founded in 2005 but shut down last month when its assets were frozen as part of the US probe.

A US application for Dotcom's is expected to be heard on August 20. US authorities have said they will seek the maximum penalty of 20 years in jail if he is brought before a US court.

Dotcom, who legally changed his name from Kim Schmitz, has denied any .

Explore further: Global, Chinese automakers debut new car models

Related Stories

Decision due in Megaupload founder's N.Z. bail bid

Jan 24, 2012

Megaupload founder Kim Dotcom is set to learn Wednesday if he will remain behind bars in New Zealand while US authorities seek his extradition on allegations of massive copyright theft.

Megaupload boss to appeal for bail in New Zealand

Feb 02, 2012

Megaupload boss Kim Dotcom will appeal Friday against a ruling that kept him behind bars in New Zealand while US officials seek his extradition for alleged copyright piracy, his lawyers said.

Two Megaupload accused granted bail in New Zealand

Jan 26, 2012

Two of Kim Dotcom's co-accused were granted bail in New Zealand Thursday, a day after the Megaupload boss was ordered to remain behind bars pending US attempts to extradite him for copyright piracy.

Megaupload's Kim Dotcom granted bail in N.Zealand

Feb 22, 2012

Megaupload boss Kim Dotcom was freed on bail in a surprise move, after a New Zealand judge dismissed fears the internet tycoon would flee the country to escape US online piracy charges.

Megaupload's Kim Dotcom denied bail in New Zealand

Jan 25, 2012

Megaupload boss Kim Dotcom will stay behind bars awaiting possible extradition to the United States after a New Zealand judge Wednesday said the Internet millionaire poses a serious flight risk.

Recommended for you

IBM earnings dip as sales fall again

17 hours ago

Technology heavyweight IBM reported Monday lower profits in the first quarter following another drop in revenues, this time partly due to the strong dollar.

Global, Chinese automakers debut new car models

Apr 20, 2015

Ford showed off its new Taurus and Nissan unveiled a midsize sedan designed for China on Monday at a Shanghai Auto Show that highlighted the commercial resurgence of lower-priced Chinese auto brands.

Germany still has some way to go to 'smart factories'

Apr 19, 2015

Collaborative robots and intelligent machinery may have wowed the crowds at this year's Hannover Messe, but experts see German industry as having some way to go towards incorporating them on factory floors ...

User comments : 0

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.