Feeds

More of Kim Dotcom's booty released by court

Lord of uploads outlines even more mega upload service

  • alert
  • submit to reddit

Boost IT visibility and business value

The New Zealand High Court has unleashed some of Megaupload founder Kim Dotcom's considerable assets in order to help the contentious entrepreneur cover his legal fees in New Zealand.

The @KimDotcom Twitter account modestly told the world: “BREAKING NEWS: The High Court just ruled the release of restrained assets to cover our legal fees in New Zealand.”

Dotcom has been waging a public social media and legal battle to get his considerable cache of cash, cars and other assets released so that he can cover his legal fees in both New Zealand and the US.

The High Court in Auckland confirmed a decision had been made by Justice Judith Potter, but would not provide details immediately.

The New Zealand Herald reported Dotcom has been given the use of NZ $6m which includes $2.6m for legal fees, $1m for future costs and $1m for rent for his Auckland mansion.

The release of the funds is the second ruling made by Justice Potter in recent months on the matter.

Last March, Justice Potter allowed Dotcom access to more than $750,000 of cash, investments and access to at least two of his fleet of prestige cars. Among that Dotcom was granted a $60,000 per month allowance while he fights the US for his IP and extradition charges in addition to a $20,000 in a monthly living allowance.

Since March he has also had access to a 2011 Mercedes-Benz G55AMG, brandishing the licence plate ‘Police’.

The news came as Dotcom was streaming tweets about his new venture. “The new Mega will offer one-click-encryption of ALL your data transfers, on the fly, easy to use, free of charge, TOTAL PRIVACY!”

And “We are building a massive global network. All non-US hosters will be able to connect servers & bandwidth. Get ready.” ®

Build a business case: developing custom apps

More from The Register

next story
Just TWO climate committee MPs contradict IPCC: The two with SCIENCE degrees
'Greenhouse effect is real, but as for the rest of it ...'
Has Europe cut the UK adrift on data protection?
EU reckons we've one foot out the door anyway
'Blow it up': Plods pop round for chat with Commonwealth Games tweeter
You'd better not be talking about the council's housing plans
Arrr: Freetard-bothering Digital Economy Act tied up, thrown in the hold
Ministry of Fun confirms: Yes, we're busy doing nothing
Government's 'Google Review' copyright rules become law
Welcome in a New Era ... of copyright litigation
Help yourself to anyone's photos FOR FREE, suggests UK.gov
Copyright law reforms will keep m'learned friends busy
Apple smacked with privacy sueball over Location Services
Class action launched on behalf of 100 million iPhone owners
prev story

Whitepapers

Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
Why and how to choose the right cloud vendor
The benefits of cloud-based storage in your processes. Eliminate onsite, disk-based backup and archiving in favor of cloud-based data protection.
The Essential Guide to IT Transformation
ServiceNow discusses three IT transformations that can help CIO's automate IT services to transform IT and the enterprise.
Maximize storage efficiency across the enterprise
The HP StoreOnce backup solution offers highly flexible, centrally managed, and highly efficient data protection for any enterprise.