Kim Dotcom Denied Bail In New Zealand Court

The Megaupload saga continues. Kim Dotcom, Megaupload's mega founder, was just denied bail by a New Zealand court citing he's a flight risk. He will remain in New Zealand's custody until February 22, when the courts will hear the US Justice Department's application for Schmitz. Dotcom insists he's innocent of the various charges involving racketeering and piracy. His lawyers insist that Dotcom's company was simply offering an online storage locker and diligent responded to complaints about pirated material.-- a dubious statement for anyone familiar with the company. It's all in the hands in the court now.

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