NZ court refuses bail for Megaupload founder

The founder of online file-sharing website Megaupload, accused of masterminding a scheme that made more than $175 million in a few years by infringing copyrighted content without authorization, was refused bail in a New Zealand court. The judge remanded Kim Dotcom, a German national, also known as Kim Schmitz, in custody until Feb 22 for a hearing of the extradition application on charges of internet piracy and money laundering.