AfterDawn: Tech news

Owning MegaUpload is apparently extremely lucrative

Written by Andre Yoskowitz (Google+) @ 06 Jun 2010 22:47 User comments (14)

Owning MegaUpload is apparently extremely lucrative TF has put out a bio on file-sharing giant MegaUpload's owner Kim Schmitz, and it is apparently very lucrative to own the site.
Schmitz, who has been convicted in the past of insider trading, computer fraud and embezzlement, has just purchased New Zealand's most expensive home, for $20 million USD.

"Kimble," as he is sometimes referred to, was born in 1974, and by 1998 had been given two year's probation for hacking into corporate networks. In 2001, Schmitz scammed stock traders by announcing he would invest 50 million euro in the verge-of-bankruptcy company Letsbuyit.com, although he did not have the money to do so. He did, however, hold hundreds of thousands of shares at a low price. The scam netted Kimble $1.5 million in profits, and an insider-trading conviction a year later.

Schmitz has also pulled multiple PR stunts such as faking his own death and offering $10 million for the capture of Osama Bin Laden. He has also admitted to bribing police officers, driving at 240 km/h on public roads in Belgium, and even smashing a friends car off the road during a race.

Kimble owns a Rolls-Royce Phantom with the license plate GOD.

It will be interesting to see how long the record labels and movie studios let Schmitz continue his high-rolling days.

Previous Next  

14 user comments

16.6.2010 23:35

"Kimbke owns a Rolls-Royce Phantom with the license plate GOD."

LOL!

26.6.2010 23:38

Hopefully, Kim Schmitz won't ruin it for Rapidshare-type filesharing like Wayne Rosso did for P2P software back in 2005.

This message has been edited since its posting. Latest edit was made on 06 Jun 2010 @ 23:38

37.6.2010 0:20

This guy is my hero lol

47.6.2010 4:27

Originally posted by Morreale:
This guy is my hero lol
Ditto! lol the license plate is the killer for me :P

57.6.2010 10:47

Mmmm profiting from illicit trade how lovely.
Then again how copyright works its all or nothing......................

67.6.2010 10:49

What a tool.

77.6.2010 12:32

Originally posted by MReprogle:
What a tool.
agreed

87.6.2010 14:12

Originally posted by John_Donn:
Originally posted by MReprogle:
What a tool.
agreed
I third that...
This message has been edited since its posting. Latest edit was made on 07 Jun 2010 @ 14:12

97.6.2010 15:02

Quote:
It will be interesting to see how long the record labels and movie studios let Schmitz continue his high-rolling days.

Actually, he just sounds like another one of their clients.

107.6.2010 17:50

Rofl, Kimble is all about the lulz. What a badass, lol.

118.6.2010 23:23

soudns lieka guy who needs to be locked behind bars.

129.6.2010 5:03

If you ask me, which no one did but here i go...

.. The man is a modernday rock star, hes a smoker, a joker.... and has the belly to match ha.

lol he might not be the sharpest knife in the draw, but how could you stay mad at him... hes just so funny.

Who else could get away with so much, anyone else who tried to fake their own death would get the book thrown at them. But with him its like oh its ok it was just a PR stunt... really... hhaha

You might find this funny:

http://www.ideasandminds.com/archives/category/kim-schmitz

EDIT: Having watched the videos at the link above i would like to retract the above and instead offer the fact he is infact augustus gloop from charlie and the chocloate factory or possibly a forgotten twin.

http://www.youtube.com/watch?v=fWSFtpP4Nbs

"I wish it could be GUMBALL EVERY DAY"

ha take that you bounder.

This message has been edited since its posting. Latest edit was made on 09 Jun 2010 @ 5:08

1331.7.2010 5:53
Ostee
Unverified new user

hey! record labels and movie studios letting Schmitz continue his high-rolling days ??? they re probably in it with him... If they stopped him, other peole would be doing what he does (there are other sources for file sharing out there).
So im sure the industry found a way to gain from those type of people... it is now known some major record labels own a lot of those "illegal" websites and make their money off the advertising! record industry losing money?? theyre foolin us all... or think they are!

1431.7.2010 5:54
Ostee
Unverified new user

haaa... you white pple get away wit a lot, dont you. lol

Comments have been disabled for this article.

News archive