Figuring tax at maybe 25% federal plus 5% state as a national average, the dividend costs holders 30 cents in tax but they have only a dime in hand.
The U.S. government in its indictment alleged that Dotcom and his codefendants had cost copyright holders more than $500 million in revenue and that the defendants had received $175 million in income from the illegal activities of Megaupload and its related sites.
US officials allege that pirated movies and other content shared through his Megaupload site cost copyright holders more than $500m £322mm) in lost earnings, making it one of the biggest cases of its kind.
Prosecutors allege that pirated movies and other content shared through his site cost copyright holders more than $500m £322mm) in lost earnings, making it one of the biggest cases of its kind.
Each downward lurch in the currency costs mortgage holders money and puts further strains on the banks.
The FBI called Dotcom the world's biggest profiteer of piracy, costing copyright holders – movie studios and record companies – $620m in lost revenue.
New Zealand police arrested three other Megaupload employees last week on US accusations they facilitated millions of illegal downloads of films, music and other content, costing copyright holders at least $500 million in lost revenue.
But on Wednesday associates of Kim Dotcom, the former hacker wanted by the FBI over download sites allegedly costing copyright holders at least $500m£320m0m), claimed his cartoon-like image was carefully calculated to help earn him a fortune.
It is estimated that there are now over 4,500 new web-based attacks each day, online piracy currently accounts for 24% of the world's internet traffic, while cybersquatting costs trademark holders more than £615,800 per brand, per year.
Megaupload was one of the largest file-sharing sites before it was shut by US regulators in 2012 who have accused it of costing copyright holders more than $500m £320mm) in lost revenue.
