MegaUpload Founder Kim DotCom Released On Bail

Posted Feb 22, 2012

Kim “DotCom” Schmitz, the founder of cyberlocker website, has been released on bail. DotCom was indicted in the U.S. for criminal copyright violations and racketeering. He was arrested at his mansion last month near Auckland, New Zealand following a major police raid. Cash, cars, and other possessions that belonged to DotCom was seized.

Two judges in New Zealand had denied his previous requests for bail. However the judge today has decided that Schmitz was not enough of a flight risk to keep in custody. The judge said that police had not proven that Schmitz had enough assets remaining to help him flee from the country.

The U.S. government wants to bring DotCom and 6 others associated with MegaUpload to the country to stand trial. During DotCom’s earlier bail hearings, lawyers representing the U.S. feared that if he was freed, he was likely to have hidden money that authorities weren’t able to find and he could use it to escape. DotCom denied that he wants to be anywhere other than with his family in New Zealand where he can fight his charges.