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ExtraTorrent.cc > Articles > Movie Studio Accused MegaUpload Founder of Asset Freeze Breach

Movie Studio Accused MegaUpload Founder of Asset Freeze Breach

Movie Studio Accused MegaUpload Founder of Asset Freeze Breach

Added: Wednesday, July 27th, 2016
Category: Recent Headlines Involving File Sharing > Ridiculous Criminal Trials
Tags:ISP, Download, BitTorrent, MPAA, RIAA, copyright-infringement, file-sharing, Torrenting
20th Century Fox has accused MegaUpload owner of breaching a freeze on his assets that had been imposed after the infamous raid in 2012. The movie studio claimed in the New Zealand High Court that Kim Dotcom took a $154,000 loan from his lawyers on behalf of a trust for his children.

In January 2012, law enforcement officers raided MegaUpload and its operators in several locations, seeking to freeze their considerable assets. As a result, dozens of millions of dollars were seized in several jurisdictions. Over the past 4 years, Dotcom and his lawyers have been trying to have funds released. In most cases, the NZ courts have been receptive and granted Dotcom access to considerable sums of money. However, this might have been insufficient for Dotcom.

Now one of his main legal adversaries claims that Kim breached the terms of the asset freeze by taking a loan from his lawyers on behalf of a trust for his children. In response, Dotcom explained that the loan was a new asset not covered by the original freezing order. Indeed, the entrepreneur has been free to generate new income since the raid. In addition, the court awarded him $128,000 per month to live on, including $60,000 for mansion rent, $25,000 for staff and security, and $11,000 for grocery.

In the meantime, Dotcom’s battles continue: for example, following an extradition hearing lasting several weeks, the NZ court ruled that Kim Dotcom and his colleagues could be extradited to the US to face several charges. Of course, an appeal was immediately filed, and the hearing is scheduled to take place in a few weeks time.

Thanks to TorrentFreak for providing the source of the article.

Posted by: 

Date:  Wednesday, July 27th, 2016

Comments (7) (please add your comment »)

posted by Kitty (2016-07-27 11:54:41)
Crash1 avatar$11,000 per MONTH for GROCERIES??? WTF is he buying??? Gold plated toilet paper??
Most NORMAL families spend less than $300 per week on groceries ... that's $1200 per month ... what's he spending the REST on?

posted by Trusted UploaderSite FriendET loverSupermanKitty (2016-07-27 20:25:09)
SirSeedsAlot avatarWait!!! Some woman had sex with that guy??? lol

posted by (2016-07-28 01:59:50)
eyemanozzy avatar$128,000 to live on ??? wtf ???
$60,000 mansion rent ????
i work hard and get %20 of that !
it is obscene lol

posted by (2016-07-28 22:41:49)
No avatarBut you forget @3 it was his money to begin with!

posted by Trusted UploaderSite FriendET loverSupermanmen (2016-07-29 15:29:57)
analogkid6103 avatarHe was having dinner with the Lawyers and we all know who the winners are in any court issue. Care to guess? or are you up tp speed. LOL

posted by (2016-07-29 19:56:26)
No avatarHello everyone im looking for a job

posted by (2016-07-30 15:07:55)
eyemanozzy avatarback @ #4 , you also need to recognise he is a criminal and as such should've lost a lot priveledges including his ill gotten money earned as proceeds of crime.....who's money is it now ?
a prison cell or a tent is more appropiate than a fully funded staffed mansion ...good grief that's so obvious !!

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