Megaupload Founder Dodges Jail Again; Wife Under Investigation

Posted by Unknown on Wednesday February 29, 2012 @05:11AM from the you'll-never-catch-me dept.

New submitter xenn writes "The linked article, titled by TVNZ as 'Kim Dotcom bail appeal dismissed, funds released,' somehow doesn't quite capture the drama the lies within... 'Meanwhile, it emerged today that U.S. authorities are investigating Dotcom's pregnant wife, Mona Dotcom, as part of a world-wide sting on Internet piracy. Toohey said she had received a preliminary application from the U.S. indicating that Mona could have been involved in Megaupload.'" Torrentfreak adds that U.S. attempts to put Kim Dotcom back in jail failed, and he's been granted access to his bank accounts to cover essential expenses (to the tune of $30+k per month).

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Re:Uh oh-- it's a 1%er! by MozeeToby · 2012-02-29 05:42 · Score: 5, Informative

If he has a mortgage on his $5 million house that alone will eat into most of that amount. And there are good reasons the fabulously wealthy would have a loan rather than pay cash, namely the fact that once you get to a certain amount of money, using it to generate more money is pretty easy. You'll probably come out better off with a loan with a crazy low interest rate (since you have the cash and income to cover it times 10) and invest the same money in something else (if you make even a 7% profit you come out well ahead).