Megaupload Founder Kim Dotcom Denied Bail In New Zealand

Law360, New York (February 3, 2012, 3:51 PM EST) -- Kim Dotcom, the founder of file-sharing and alleged piracy site Megaupload.com, lost his second bid for bail on Friday and must now remain in prison in New Zealand until an extradition hearing later this month.

Following a hearing, the Auckland High Court confirmed an earlier finding that Dotcom — a German national who also goes by Kim Schmitz and Kim Tim Jim Vestor — might try to flee the country to avoid extradition to the U.S. on criminal copyright, money laundering and racketeering charges. His extradition...
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