• Reuters

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The U.S. Supreme Court on Monday rejected New Zealand-based internet mogul Kim Dotcom’s challenge to the U.S. government’s bid to seize assets held by him and others involved in the now-defunct streaming website Megaupload.

The justices left in place a lower court ruling that the U.S. government could seize up to $40 million in assets held outside the United States as part of a civil forfeiture action being pursued in parallel with criminal charges for alleged copyright violations and money laundering.

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