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: Chinese smartphone makers win as market swells

add to favorites email to friend print save as pdf

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

Chinese smartphone makers win as market swells

8 hours ago

Chinese smartphone makers racked up big gains as the global market for Internet-linked handsets grew to record levels in the second quarter, International Data Corp said Tuesday.

Full appeals court upholds labels on meat packages

8 hours ago

(AP)—A federal appeals court has upheld new government rules that require labels on packaged steaks, ribs and other cuts of meat to say where the animals were born, raised and slaughtered.

BlackBerry buys German anti-eavesdropping firm

9 hours ago

Canadian smartphone maker BlackBerry announced Tuesday the purchase of German voice and data encryption and anti-eavesdropping firm Secusmart, whose customers include NATO and German Chancellor Angela Merkel ...

India's Flipkart raises $1 bn to tackle Amazon

11 hours ago

India's top e-commerce company Flipkart said Tuesday it had raised $1 billion (60 billion rupees) in funds as it battles US giant Amazon for supremacy in the hyper-competitive local market.

User comments : 0