February 22nd, 2012
01:06 AM ET

Megaupload founder Dotcom released on bail

Kim Dotcom, the millionaire founder of the file-sharing website Megaupload, was released on bail Wednesday after a judge said he didn't appear to have enough money to flee.

Under one of the largest anti-piracy crackdowns ever, the U.S. Department of Justice is seeking to have Dotcom, also known as Kim Schmitz, and three co-workers extradited to face charges including conspiracy to commit racketeering and conspiracy to commit copyright infringement.

Last month, U.S. authorities shut down Megaupload's websites and announced indictments against Dotcom and six other people connected to the site, accusing them of operating an "international organized criminal enterprise responsible for massive worldwide online piracy of copyrighted works."

They say Megaupload generated more than $175 million in illegal profits through advertising revenue and the sale of premium memberships.

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soundoff (5 Responses)
  1. Superman

    This is how a lot of politicians get there start maybe?

    February 22, 2012 at 2:03 am | Report abuse |
  2. Andreas Moser

    Komm nach Hause, Kim!

    February 22, 2012 at 5:45 am | Report abuse |
  3. BOMBO ©

    Who would win a fight between Megaupload and the Hypnotoad?

    February 22, 2012 at 6:07 pm | Report abuse |
  4. Irina

    Both these codes work absolutely tfleecpry! I opted for the second one – just personal preference. Thank you so much for posting!!

    March 12, 2012 at 3:46 pm | Report abuse |
  5. todd

    he was released on bail because the raid warrant was invalid, this story dosent tell the truth......

    June 28, 2012 at 12:44 pm | Report abuse |
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