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ExtraTorrent.cc > Articles > Kim Dotcom Doesn’t Want to Reveal His Fortune

Kim Dotcom Doesn’t Want to Reveal His Fortune

Kim Dotcom Doesn’t Want to Reveal His Fortune

Added: Saturday, October 18th, 2014
Category: Recent Headlines Involving File Sharing > Current Events
Tags:ET, p2p, Torrent, Piracy, Peer To Peer, Network, Hackers, Internet, BitTorrent, Google, utorrent, bitcomet, extratorrent, 2013, www.extratorrent.cc
The New Zealand entrepreneur is back in court in attempt to keep the details of his fortune a secret from several Hollywood movie studios. Kim Dotcom is a founder of the now defunct file-sharing website MegaUpload and is now facing extradition to the United States over alleged copyright infringement. Dotcom is now in the court of appeal, trying to overturn a high court ruling that requires him to disclose details about his worldwide financial assets.

The court order came after the movie studios filed a civil suit in the United States against Kim Dotcom, where they claimed over $79 million for copyright breaches. Apparently, the movie studios are worried they might not get all the wanted money because Kim Dotcom was spending it. According to media report, Dotcom wasn’t saving indeed. Everyone could notice his spending of at least NZ$3.5 million that he donated to the Internet party in the lead-up to the general election, as well as a NZ$5 million bounty put up for data on the United States and New Zealand governments.

In the meantime, Kim Dotcom’s attorney, Tracey Walker, told the appeal court in New Zealand that the court order to disclose the financial assets that belong to Dotcom was in the nature of a fishing exercise, claiming that there was no justification to seek such an order just to understand whether they should freeze assets or not. It must be noted that Kim Dotcom’s New Zealand funds are already subject to a foreign restraining order. The latter was put in place in the aftermath of his arrest almost 3 years ago.

Dotcom’s lawyer said that the Hollywood studios need no application to freeze his assets, because the existing restraining order was extended a few weeks ago. Now the court hearing is set down for a day, and the chances are that judges will reserve their decision.

Posted by:  SuperAdmin
Date:  Saturday, October 18th, 2014

Comments (7) (please add your comment »)

posted by ET lover (2014-10-18 21:23:00)
Swivel avatarCrimDot Con has so many hidden accounts that he's forgotten which ones he's let them know about. Sooner he gets his Orange jumpsuit the better.

posted by (2014-10-19 03:43:24)
hillbillies avatari agree send him back to the us hes been nothing but trouble in Nz we want him gone

posted by ET lover (2014-10-20 04:04:16)
Swivel avatarIn its written decision released today, the Court upheld a High Court decision that Mr Dotcom must file an affidavit spelling out the nature, extent and value of all his assets. Mr Dotcom’s lawyer Tracey Walker said the High Court rules did not allow the Hollywood studios to go on a ”fishing expedition” relating to Kim Dotcom’s assets. But the studio’s lawyer said his clients only required the list of assets for their own purposes, to be sure of what Kim Dotcom owned, and they would not want to release those details to the media. The Court of Appeal also ordered Mr Dotcom to pay the studio’s legal costs.

posted by (2014-10-21 19:24:34)
No avatarwow can someone stomp out the baby killing country the u.s.a. please. They seem to think they own everything on this planet, including the internet. I can't wait to see bombs going off in the u.s.a. getting tired of watching all the bombs on cnn in other counties. How about bombing the states for a change, then cnn wouldnt have travel so far. and hollywood could make the next real life war drama in their own country for a change. what do ya think, dont want to here how great the americans living in the usa are either.

posted by (2014-10-21 22:00:34)
Captnslapnutz avatar@Mystic_one
I'm an American and I just wanted to let you know that no one really watches CNN anymore..figured I'd let you know cause it made your whole comment seem ridiculous.

Whether you like him or not this is the type of thing we as people should be fighting against. He shouldn't have disclose anything. Sue him for what you want and get it over with.

posted by (2014-10-23 09:08:52)
frank2bad avatarI am also from United states and American and yes people here really dont care. Also watching the news is something people dont care to do. So you shouldnt really hate on america just because you assume all of us is the same. And calm down, its not that serious. I dont know much about this Kim guy, but I wouldnt disclose anything. Put me in jail I have ways of getting people out legally. SO again, hate the government for dragging this out. not the entire america.

posted by (2014-10-23 22:16:32)
No avatar@Captnslapnutz and @frank2bad
All America does is watch T.V. How do you think the good morning America cast is getting paid over six figures a year, because no 1 is watching, dont think so.

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