Megaupload.com founder Kim Schmitz appears in court [Video]

If you missed it yesterday, Megaupload.com was shut down and the owner and other individuals were arrested around the world after the site was accused of harboring piracy. 

The owner of the site, Kim Schmitz, appears briefly on TV as he was arraigned in court in New Zealand. The video, posted below, shows Kim in court and the police say that they confiscated over 6 million dollars of vehicles and found more than 10 million dollars in cash (presumably in New Zealand dollars which coverts at a rate of NZD/USD = 1.24113).

After the arrest, Anonymous took it upon themselves to seek revenge in the name of megaupload.com. The group attacked many websites including the MPAA, RIAA, DOJ, and FBI. The attacks were all in the form of denial of service but raised awareness that the group was rather upset, along with many others, that megaupload.com was taken down.

Thanks for the tip FMH!

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26 Comments

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So what's going to happen to all the confiscated money? I'm sure it won't be used to help the US economy - just private banking pockets eh?

Probably be compensation for the suffering MPAA and RIAA.

citan said,
So what's going to happen to all the confiscated money? I'm sure it won't be used to help the US economy - just private banking pockets eh?

Ahhh Kimble... this guy was so freakin intelligent back in the day... these days... not so much. I remember he was was in Taipai Towers and was gonna kill himself on the web live.

The People vs. Kim
Exact same scenario as with Larry Flynt. It doesn't matter how big a scumbag you think he is or isn't. The fact is they selectively choose who to attack in this way and it IS unfair at best. Why aren't others with the exact same or more charges being treated in this way? This is a message and I for one think it stinks. It shows how a fascist nation like the U.S. does business. Yes I'm an American and NOT proud of it lately. When you deny ANYONE due process, you are encouraging corruption, so nice job fanboys.

smooth3006 said,
such a big deal for a "website"

Well this guy is an international criminal who has duped a ton of people out of investment money and out of the companies he has put himself in charge of, see my post above yours. Surely there will be some additional findings that come out of his other latest dealings that directly defrauded people out of cash.

Anyone remember him back in the "megacar.com" days? This guy has always been one of the slimiest scumbags on the internet, and I don't think there was any 100% confirmation until now that he owned megaupload.com, but I guess that rumor was true.

This guy really does deserve what he gets, forget the warez, he has a long history of insider trading, fraud, embezzlement etc...

http://en.wikipedia.org/wiki/Kim_Schmitz

linsook said,
being paraded on television for alleged racketeering charges and money laundering. is this standard practice?

for racketeering? seems to be the norm

bdsams said,
I don't see any comments that have been deleted, most likely didn't post.

I posted it 100% I even refreshed to make sure.

Soldiers33 said,

I posted it 100% I even refreshed to make sure.

It's happened to me before a long while back, nothing to worry 'bout.