Connect with us

Hi, what are you looking for?

Latest News

New Zealand to extradite internet mogul Kim Dotcom to the US

New Zealand is set to extradite internet mogul Kim Dotcom to the United States after the country’s justice minister gave his approval on Thursday.

Dotcom, who was born in Germany but has New Zealand residency, had been fighting his extradition to the US since 2012. He is facing charges relating to his file-sharing site Megaupload, which was shut down by the US government the same year.

New Zealand Justice Minister Paul Goldsmith has now signed an extradition order for Dotcom, according to a government statement issued Thursday, paving the way for his deportation.

“I considered all of the information carefully, and have decided that Mr Dotcom should be surrendered to the US to face trial,” Goldsmith said, according to the statement.

“As is common practice, I have allowed Mr Dotcom a short period of time to consider and take advice on my decision. I will not, therefore, be commenting further at this stage.”

A defiant Dotcom took to X, formerly Twitter, later on Thursday to write: “I love New Zealand. I’m not leaving.”

Dotcom is the flamboyant founder of Megaupload, a website which was used by millions as a fast and easy way to store massive files in a “locker” online and share them with others. Soon after his site was shut down, Dotcom was arrested by New Zealand police who descended on his luxury mansion in Auckland in two marked helicopters and had to cut their way into a locked safe room to reach him.

Along with three co-defendants, Dotcom was indicted by a US grand jury on a range of charges including conspiracy to commit racketeering, wire fraud, conspiracy to infringe copyright on a commercial scale and money laundering. The four men are accused by US authorities of profiting from copyright infringement through the website.

Dotcom and his co-defendants deny the accusations and had been fighting hard against extradition, arguing that Megaupload was simply a file-sharing website and that they shouldn’t be blamed for what others were uploading to it.

Three New Zealand courts ruled against them, throwing out that argument and claims that they couldn’t be extradited on charges of profiting from copyright infringement because it is not a crime in New Zealand.

The final decision on whether to extradite Dotcom rested with the justice minister.

US law is heavily weighted in favor of copyright holders, and has been criticized for stifling innovation and harming consumers, and for exporting US copyright regulations to other countries through free trade agreements.

This post appeared first on cnn.com

Enter Your Information Below To Receive Free Trading Ideas, Latest News And Articles.






    Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

    You May Also Like

    Stock

    In this edition of StockCharts TV‘s The Final Bar, Dave shows how breadth conditions have evolved so far in August, highlights the renewed strength in the...

    Stock

    Major equity indexes rose on Friday after a selloff that hit the Technology sector especially hard. But this doesn’t necessarily mean that everything is...

    Latest News

    Britain’s Prince and Princess of Wales have released a new photo of Prince Louis to mark his sixth birthday on Tuesday, the first image...

    Latest News

    President Joe Biden travels to Triangle, Virginia, Monday to mark Earth Day, where he’ll unveil $7 billion in grant funding for solar power under...

    Disclaimer: Dealwithbiz.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.


    Copyright © 2024 Dealwithbiz.com