Kim Dotcom declares he is 'broke' because of legal fight

[Eugene]

Source: BBC

26 November 2014 Last updated at 12:53 GMT

Kim Dotcom declares he is 'broke' because of legal fight

By Leo Kelion
Technology desk editor

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.

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Read more: http://www.bbc.com/news/technology-30209067

[Xithras]

1. He's not broke. The U.S. government just won't let him spend his money.

Which, of course, is the point. The governments criminal case is shaky at best, so they want to deny him the ability to defend himself.

Mega, on the other hand, will be going public next year, and will probably put a few hundred million in his pocket.