Feeds

More of Kim Dotcom's booty released by court

Lord of uploads outlines even more mega upload service

  • alert
  • submit to reddit

The Essential Guide to IT Transformation

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.” ®

Eight steps to building an HP BladeSystem

More from The Register

next story
ONE EMAIL costs mining company $300 MEEELION
Environmental activist walks free after hoax sent share price over a cliff
Arrr: Freetard-bothering Digital Economy Act tied up, thrown in the hold
Ministry of Fun confirms: Yes, we're busy doing nothing
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
US judge: YES, cops or feds so can slurp an ENTIRE Gmail account
Crooks don't have folders labelled 'drug records', opines NY beak
UK government officially adopts Open Document Format
Microsoft insurgency fails, earns snarky remark from UK digital services head
You! Pirate! Stop pirating, or we shall admonish you politely. Repeatedly, if necessary
And we shall go about telling people you smell. No, not really
prev story

Whitepapers

Top three mobile application threats
Prevent sensitive data leakage over insecure channels or stolen mobile devices.
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.
Designing a Defense for Mobile Applications
Learn about the various considerations for defending mobile applications - from the application architecture itself to the myriad testing technologies.
Build a business case: developing custom apps
Learn how to maximize the value of custom applications by accelerating and simplifying their development.