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, 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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