Kim Dotcom Got Back Some of His MoneyAdded: Thursday, May 14th, 2015
Category: Recent Headlines Involving File Sharing > Ridiculous Criminal Trials
Tags:ET, p2p, Torrent, Piracy, Peer To Peer, Network, Hackers, Internet, BitTorrent, Google, utorrent, bitcomet, extratorrent, www.extratorrent.cc, 2015
The founder of MegaUpload was allowed to get more of his seized funds in New Zealand. Kim Dotcom will receive millions to pay his legal expenses and extra $128,000 per month to pay mansion rent, buy grocery cover staff, security and other expenses.
In February 2015, Kim Dotcom came to court to ask for money to cover living expenses and pay his legal fees. Previously, Kim Dotcom was given about $15,000 per month to live on, but this was not enough for him. So, the recent ruling is largely good news for Kim Dotcom, with the judge also reviewing objections by authorities that he has funds in a trust that he could use. The judge ruled that the major asset of Dotcom's trust was its shareholding in Mega Ltd, but he couldn’t sell those shares until the planned listing of Mega. As a result, the judge decided that Dotcom does not have the ability to meet his legal and reasonable living expenses. Taking into consideration that Dotcom still owes his lawyers about $1.5m, the judge decided that Dotcom would need between $1.5m and $3m to fight against extradition. This money will be granted to him from currently restrained government bonds.
The judge also considered Kim’s needs to cover family’s accommodation costs ($60,000 per month) and his claims for such items as security, staff wages and other general expenses. Kim Dotcom currently has 8 staff in his mansion, but the judge ruled that 5 people would be enough and granted $19,000 per month for staff. He will also get $11,000 for grocery.
Overall, Kim Dotcom was awarded his legal fees and $128,000 per month to cover living expenses pending the expiry of the lease on his mansion (2016). Apparently, the position will be reviewed afterwards.
Thanks to TorrentFreak for providing the source of the article.
Thursday, May 14th, 2015
|I have no idea how he can live off of that puny amount. Maybe they want him to be in poverty.|
Can you imagine trying to live off of a paltry 128,000 USD a month.
This is no doubt cruel and unusual punishment. Soon Sally Struthers and the others will have to have a telethon for him. I could not even begin to survive on less than 500,000 USD per month.
|posted by (2015-05-15 21:24:45)|
|analogkids6103, i totally agree, whatever are they thinking?, though maybe by "only" allowing $11,000 a month for groceries he might shed a few pounds, you think?. Joking aside, good for him, its his money to spend as he wishes, theres always someone tring to spoil the fun!|
|Yes GIBROCK, I was being slightly sarcastic.|
And yes I realize that it IS his money.
But I was a latecomer to the p2p world, when they took down mega I was still attempting to acquire a decent copy of Black XP lol.
So all I ever saw of his company and him were used as examples of the Pirates getting rich on the blah blah ect. And the different authorities are tearing up the net cause of All the pirating file sharers, who of course are all rich.
So yeah I dont like being painted by that brush.
If that makes any sense...
|$1 a pound||
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