Kim Dotcom of Megaupload Released on Bail

February 23rd, 2012 at 4:45 am

Megaupload founder Kim Dotcom was released on bail from his New Zealand prison yesterday local time, in time when the United States was to turn in its extradition proceedings.

The New Zealand court released Dotcom under a number of conditions: he cannot travel 80 kilometers from his home except in emergencies, he will have no access to the Internet, and helicopters are not allowed to fly to his property. The investigators found he did not have resources to escape from New Zealand.

Dotcom, known for his extravagant lifestyle, is accused by U.S. authorities for widespread copyright infringement and money laundering. They claim Dotcom earned $175 million while getting away with $500 billion in royalties.

Meanwhile, the United States has until March 2 to get its extradition paperwork completed, but the extradition hearing of Dotcom–along with three other Megaupload employees who were arrested–will not be until August. Dotcom’s lawyers insist this is a civil case at best, thus making extradition unnecessary.

Source: Stuff NZ, via TechCrunch


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