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Megaupload founder held in custody

The founder of file sharing website Megaupload arrives at a New Zealand court on Monday for a bail hearing. Kim Dotcom denies the charges of internet piracy and money laundering, and says authorities are trying to portray him unfairly as a villain. But the court ordered Dotcom to be held in custody. Prosecutors say that Dotcom, a German national also known as Kim Schmitz, is a flight risk because it's believed he has access to large sums of money, uses multiple identities and has a history of fleeing criminal charges. Dotcom's lawyer says his client is cooperating fully and poses no risk of absconding since his passports have been seized and his funds have been frozen, and is easily identified by his distinctive appearance. The former hacker is reportedly 2 metres tall and weighs more than 130 kilos. Dotcom was arrested on Saturday at his Auckland estate in a raid involving 70 police officers. The U.S. Federal Bureau of Investigation, which requested the raid, says Dotcom masterminded a scheme that made more than 175 million U.S. dollars over several years by copying and distributing music, movies and other copyrighted content without authorisation. Travis Brecher, Reuters

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