Megaupload mega-man Kim Dotcom was waiting on New Zealand courts to decide whether he was eligible for bail after his initial attempts were rejected. Turns out, he's not.
Judge David McNaughton today refuse bail for the German-born millionaire after delaying his decision earlier this week. Prosecutors argued against the Megaupload magnate from getting bail, claiming he was an "extreme" flight risk given his many different passports and access to private helicopters and jets. Dotcom's defence argued that the man's sheer bulk would stop him from trying to flee the country, but obviously that wasn't enough.
Dotcom faces extradition to the US to face charges of copyright infringement and money laundering. If convicted he could face up to 20 years in the slammer.
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