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Megaupload - cost copyright holders at least $500 million.
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 Rating: 4      Rate this article   28 
 22 Feb 2012

Megaupload - cost copyright holders at least $500 million.


Kim Dotcom was charged with criminal copyright infringement and conspiracy to commit racketeteering. The FBI also shut down his website, which allegedly pirated a half a billion dollars worth of entertainment content.

New Zealand judge denied him bail following his arrest on U.S. accusations of copyright infringement and a U.S. official confirmed the arrest of a fifth member of his company.

New Zealand police arrested three other Megaupload employees last week on U.S. accusations they facilitated millions of illegal downloads of films, music and other content, costing copyright holders at least $500 million in lost revenue. McNaughton is expected to make bail rulings on the three later this week or early next week.

In Washington, a U.S. Justice Department official said Dutch police have arrested a fifth suspect -- software programmer Andrus Nomm, 32, a citizen of Estonia and a resident of both Turkey and Estonia. The official spoke on condition of anonymity because the case is still pending.

In all, U.S. authorities have charged seven men in the conspiracy case and are still seeking the arrest of the remaining two men.
Authorities in the U.S. are seeking to extradite the four men arrested in New Zealand and are also expected to seek Nomm's extradition.
Police seized a total of 18 luxury vehicles from Kim Dotcom, including Rolls-Royce Phantom Drophead Coupe and a 1959 pink Cadillac. He also had a 2012 Maserati and numerous Mercedes Benz vehicles.

The license plates on the vehicles were interesting unto themselves. They read: "GOD" (Rolls-Royce Phantom Drop Head Coupe), "MAFIA" (Mercedes-Benz ML63 AMG), "STONED" (Mercedes-Benz E63 AMG), "GOOD" & "EVIL" (Mercedes-Benz ML63 AMG).

Police also froze up to $8 million in various New Zealand bank accounts Schmitz claimed. According to The Wall Street Journal, "the U.S. is moving to seize a great deal of property, including $175 million, or as much of that as they can find, and the funds in dozens of bank accounts" of Megaupload executives.

Megaupload web site shut down by FBI

Kim Dotcom in New Zealand court

This is how Megaupload web site looked like

The property in Coatesville, near Auckland, New Zealand worth $24 million

One of his cars, with plate - MAFIA

Kim Dotcom - formerly Kim Schmitz - owned a £3million collection of 25 cars

It was quite a mission to move all his cars

a 1959 pink Cadillac

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Megaupload - cost copyright holders at least $500 million.

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 Tags: SoftFern News, SoftFern Tech News, New Zealand, Kim Dotcom, Dotcom, criminal copyright, criminal copyright infringement, racketeteering,, Megaupload, Andrus Nomm, Schmitz, Kim Schmitz
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