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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."

3 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"

    --

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

  2. 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...