MegaUpload’s Founder Got Money to Pay LawyersAdded: Thursday, September 6th, 2012
Category: Recent Headlines Involving File Sharing > Ridiculous Criminal Trials
Tags:ET, p2p, Torrent, Piracy, Peer To Peer, Network, Hackers, Internet, BitTorrent, Google, utorrent, bitcomet, extratorrent, 2010, www.extrattorrent.com
A few days ago the MegaUpload’s founder managed to convince the High Court residing his case to unfreeze some of his money in order to make him able to pay his lawyers. As a result, an amount of $6,000,000 was granted to pay Kim Dotcom’s legal fees and living costs.
Dotcom tweeted yesterday about “breaking news”, confirming that the High Court just ruled the release of restrained assets to cover his legal fees in the home country. The assets in question are to be secured against a $10,000,000 Government bond.
In addition, the High Court also granted Dotcom to sell some of his previously confiscated luxury vehicles. Thus far, the amount of money Dotcom owes to the lawyers sums up to $2,600,000, but it’s expected to go up quickly as his trial continues.
When talking about the living costs, the Dotcoms (the family of seven) need at least $1 million a year just to pay the rent for their estate (which is valued for around $30 million). By the way, the court earlier allowed MegaUpload’s founder to have access to $750,000.
Kim Dotcom has his official website (www.kim.com), where he claimed that when the cyberlocker was closed down his money was frozen without providing him opportunity to defend a very complex case that involved petabytes of potential evidence, an unknown number of witnesses and a business which spanned the globe.
It seemed like the plan of the American government and New Zealand prosecutors was to keep the defendants locked up without access to a proper legal defense, but it has failed. Now the company has a competent legal team which is able to operate at full capacity to defend MegaUpload.
By the way, Kim Dotcom owns as many as 15 cars, including a 1959’s Cadillac, a 2008 Rolls Royce Coupe, and a Mercedes E500.
September 6th,2012Posted by:
Thursday, September 6th, 2012
|posted by (2012-09-06 16:26:34)|
|Very good news. We cannot let the government abuse our rights. It would be nice to live in a country where the government was reminded who put them into that position and power is in numbers, not in positions. Sometimes I am embarrassed to be an American. Im sure Jay Leno will be purchasing that 59 caddy of dotcoms...|
|They're RENTING a $30 million property?? Why hasn't he bought it outright? It's not like he couldn't have afforded it! (Before his assets were frozen!)|
|hes rich enough to know the truth, the world will end with this year and every year after that will be the dwindling of man kind, he rents the house and buys the spaceship. he needs every penny for space food|
|So let me get this straight. Kim risked all of his assets so he could upload movies for us to watch? Little slow here (must be the meds)but thats kinda crazy. Don't get me wrong I appreciate him using this as a platform protecting about 4 or 5 of our constitutional rights. but isn't that the ACLU(sic)should be part of instead of a private citizen taking on the Man|
|The overseas investment office (OIO) in NZ decided Kim was not allowed to buy the property as he didn't meet the "character" test.. This is bullshit of course, since he had already been cleared by immigration..|
|ok... keep in mind this guy is not your average Joe!! he is very smart and good at what he does... he did not get to where is is or where megaupload was just by being a small programmer... it takes brains to excel at what you do and he achieved it, started making more money than any president will ever make in a lifetime!... this angers any government and therefore he is considered a threat!!|
Expect Super things from this guy.. this is nothing but a splinter on the Toe!!! he'll get that out and carry on with an even better site.
|Very good news! I hope he's able to use the system to break down the system.|
|posted by (2012-09-09 21:43:14)|
|expensive cost of living attracts the attention of anyone and if it by my outdoor pole isp wire I called it was a good friend.||
Most Popular Stories