Megaupload Founder Denied Bail

Megaupload founder Kim Dotcom was denied bail Wednesday by a New Zealand judge who determined that the file-sharing site executive poses a flight risk, the New Zealand Herald reported. The Federal Bureau of Investigation is seeking to extradite Dotcom after shutting down his file-sharing site and charging him and six other executives with conspiracy to commit racketeering, conspiracy to commit copyright infringement, conspiracy to commit money laundering and criminal copyright infringement. Read full article >>

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