Megaupload Founder Denied Bail Over Flight Risk

A New Zealand judge on Wednesday ordered the founder of the lucrative offshore file transfer site Megaupload.com be held in custody for another month while awaiting possible extradition to the U.S. on charges of racketeering, copyright infringement, and money laundering.
Kim Dotcom, a 38 year-old German national also known as Kim Schmitz and Kim Tim Jim Vestor, was denied bail by Judge David McNaughton, who said the accused Internet pirate posed a "significant" flight risk, Reuters reported. Dotcom will remain in custody until Feb. 22, when he faces an extradition hearing.
Prosecutors in the U.S. claim Dotcom, a resident of both Hong Kong and New Zealand, lead a massive piracy scheme that ge... »read more

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