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Kim Dotcom Says Legal Fight Has Left Him Broke

mrspoonsi writes Kim Dotcom, the founder of the seized file-sharing site Megaupload, has declared himself "broke". The entrepreneur said he had spent $10m (£6.4m) on legal costs since being arrested in New Zealand in 2012 and accused of internet piracy. Mr Dotcom had employed a local law firm to fight the US's attempt to extradite him, but his defence team stepped down a fortnight ago without explaining why. Mr Dotcom said he would now represent himself at a bail hearing on Thursday. He denies charges of racketeering, conspiring to commit copyright infringement and money laundering. He told a conference in London, via a video link, that his lawyers had resigned because he had run out of money. "The [US authorities] have certainly managed to drain my resources and dehydrate me, and without lawyers I am defenceless," he said. "They used that opportunity to try and get my bail revoked and that's what I'm facing."

11 of 117 comments (clear)

  1. Justice is served! by zentigger · · Score: 5, Insightful

    If you can't actually beat 'em, just bankrupt 'em or drive 'em to suicide!

    I love the modern concept of "justice"

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    the above is my personal opinion and does not necessarily reflect that of the little voices in my head

    1. Re:Justice is served! by bloodhawk · · Score: 3, Insightful

      considering the money he spent on extravagance, political campaigning and other crap I would hardly say he was bankrupted by the system. System may not have helped but his own spending is more of an issue here.

  2. aw, my heart bleeds for you, Kim by whatever3003 · · Score: 1, Insightful

    try selling your mansion.

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    "Those who do not want to imitate anything, produce nothing." -- Salvador Dali
  3. Legal costs by precisenz · · Score: 5, Insightful

    Sure, the legal costs to defend himself are totally what did it... Not the $4million failed political campaign he ran this year, or the failed music album, or the extravagant lifestyle he lives...

    1. Re:Legal costs by Dahamma · · Score: 5, Insightful

      Apparently he once spent over $1M to charter a yacht and throw nonstop parties during the Monaco Grand Prix. Hard to feel sorry for someone who pisses away $1M in 3 days on parties. As if the multiple convictions for fraud, espionage, and embezzlement weren't enough...

  4. Re:It happened by wisnoskij · · Score: 2, Insightful

    Seriously. For 10 million dollars he could of raised an army and taken over a small country. All he would have to do then is pass a law forbidding an extradition to America and he would of been set. 10 million dollars could have bought any number of extra-legal solutions to his problems.

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    Troll is not a replacement for I disagree.
  5. Here's a plan by Black+Parrot · · Score: 4, Insightful

    Change you name to Kim Putin, and no one will mess with you.

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    Sheesh, evil *and* a jerk. -- Jade
  6. Re:It happened by Kojiro+Ganryu+Sasaki · · Score: 2, Insightful

    >> Seriously. For 10 million dollars he could of raised an army and taken over a small country. All he would have to do then is pass a law forbidding an extradition to America and he would of been set. 10 million dollars could have bought any number of extra-legal solutions to his problems.

    Is that some kind of slang?

  7. Billionaires wanted by n3r0.m4dski11z · · Score: 2, Insightful

    If I was a billionaire, I would kick him a few mil. Its fun to have someone stand up to these turkeys. He did appear to be winning and putting egg on the face of the americans for a while there.

    We must remember that the USA tried to pluck a citizen from another country by strong arming their justice department. As a non US citizen, fuck all that shit. US law isnt world law and god forbid that ever becomes so. It is so enough already as it is!

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  8. Re:says Kim by hairyfeet · · Score: 2, Insightful

    Why not? Bleeding somebody with endless litigation is a time honored practice here in the United Corporate States of America, why do you think so many corps can get away with so much shit that Joe and Jane Average can't?

    Hell we even have a word for it when corps do it to shut people up, its called a SLAPP and from what I hear it works quite well. Dotcom should feel lucky he only pissed off the corporate masters, because if he pissed off the 3 letter agencies he could have ended up like Assange, trapped in a tiny room for fear of getting a rendition ride.

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    ACs don't waste your time replying, your posts are never seen by me.
  9. Fucking Hypocrites! by danthemanvsqz · · Score: 4, Insightful

    Wouldn't be nice if the US Government went after the assets of the bankers on Wall Street who commit fraud and launder money in the same way they've gone after Kim.com.