No Bail Set for MegaUpload Defendants in New Zealand

The four arrested Megaupload defendants, Kim Dotcom (also known as Kim Schmitz and Kim Tim Jim Vestor),Finn Batato, Mathias Ortmann, and Bram van der Kolk, appeared in a New Zealand court yesterday and were detained pending a bond application set for Monday. The U.S. is seeking extradition on the indictment returned in the Eastern District of Virginia, and will oppose bond.
Kim DotCom says they have nothing to hide.
We don't mind if there is press coverage,' Dotcom said to Judge David McNaughton following an application by media to film the court appearance. 'We have nothing to hide.'
[More..]
Here's a news video of their arrest and court appearance.
Seventy-six police officers were involved in the raid at Coatesville mansion, which saw 18 luxury vehicles worth an estimated $6 million seized. Shotguns, artwork and electronic equipment were also taken from the house, and up to $11 million in cash from various accounts, including government bonds, is being held by police. Fifteen people, including children, were in the mansion at the time of the raid.
More info on the case here.
The DOJ press release (site is back up) is here. The 72 page Indictment, charging racketeering, money laundering, conspiracy to commit copyright infringement and some other charges is here. The racketeering (RICO) and money laundering charges carry up to 20 year sentences.
Here's a picture of DotCom's rented mansion where the raid took place:

Also see Inside the Secretive World of Megaupload and this 2010 investigative report by New Zealand's Investigate Magazine.
The case was prepped for many months by the FBI and DOJ's Intellectual Property Task Force, created by Obama and Holder. (See also DOJ's National IPR Center.) The Pro-IP Act (Prioritizing Resources and Organization for Intellectual Property Act of 2007) was enacted under GW Bush in 2008. The 2010 Report on the Pro-IP Act submitted to Congress is here. The IPR Center's 2011 Threat Assessment Report is here.
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