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Kim Dotcom Poised For Return With Megaupload Successor

• Business Insider
 

Dotcom's new venture, mega.co.nz, aims to recreate the success of his Megaupload empire, which boasted 50 million daily visitors and accounted for four percent of all Internet traffic before it was shut down after the police raid.

The 38-year-old, who changed his name from Kim Schmitz, remains free on bail in New Zealand as US authorities seek his extradition on a range of charges including money laundering, racketeering and copyright theft.

They allege Megaupload sites netted more than $175 million in criminal proceeds and cost copyright owners more than $500 million by offering pirated copies of movies, TV shows, music and other content.

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