He Was Nabbed for Insider Trading
A year after he sold a majority of his company DataProtect, Dotcom was involved in what was at the time the largest insider-trading scandal in Germany's history. Dotcom purchased $375,000 worth of shares of an online marketplace called LetsBuyIt.com. Shortly thereafter he announced that he was planning on investing EUR 50 million into the nearly bankrupt company. There was only one problem: He didn't have anywhere close to EUR 50 million. The news of his planned investment sent LetsBuyIt.com's stock skyrocketing. Once the stock price rose high enough, Dotcom decided to sell his shares for profit and leave Germany for Thailand where was eventually detained and sent back to Germany.