Courts Give Kim Dotcom and Family $60K Monthly for Expenses

Mar 23 2012, 2:30pm CDT | by , in News | Technology News

Courts Give Kim Dotcom and Family $60K Monthly for Expenses
/* Story Top Left 2010 300x250, created 7/15/10 */ google_ad_slot = "8340327155";
Buy cloud storage from Amazon Cyber Monday and Black Friday Now

More money from a month than many make in a year

I don't know where you live, but in my area, $60,000 is a very nice yearly income. In the world of Megaupload CEO Kim Dotcom $60,000 is what he needs to get by for a month. Courts have agreed to give Dotcom $60,000 each month to cover expenses. The judge said that $20,000 of that monthly income would come from interest drawn on $10 million worth of government bonds.

The second $40,000 monthly payment will come from a bank account Dotcom owns that was seized when he was arrested that has about $300,000 sitting in it. The courts also allowed Dotcom access to a 2011 Mercedes-Benz that he owns. It's hard to imagine needing $60,000 each month just to get by, the rent on the mansion where Dotcom was arrested is said to be about $1 million each year.

Leave a Comment

Buy Now on Amazon

You May Also Like


Share this Story

Follow Us
Follow I4U News on Twitter
Follow I4U News on Facebook

Read the Latest from I4U News