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Megaupload Founder Held in Custody

Description: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. 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. (1:33)

Source: Reuters

Tags: Megaupload Founder Held in Custody , Internet Piracy , kim dotcom , Megaupload money laundering