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Kim Dotcom says he is broke, spent millions on his legal defense

Kim Dotcom has spent millions on his legal defense, and reportedly faces prison time in New Zealand

Michael Hatamoto | Nov 26, 2014 at 09:34 pm CST (0 mins, 51 secs reading time)

Megaupload founder Kim Dotcom said he is "broke," after spending upwards of $10 million on legal expenses, and is now forced to represent himself at a bail hearing next week. The Simpson Grierson law firm stepped down representation of Dotcom two weeks ago, but hasn't issued a public statement regarding the case. The FBI says Dotcom received more than $200 million in "criminal proceeds," as Dotcom traveled the world, living an extremely high-profile lifestyle.

Kim Dotcom says he is broke, spent millions on his legal defense | TweakTown.com

"The [US authorities] have certainly managed to drain my resources and dehydrate me, and without lawyers I am defenseless," Dotcom recently said. "They used that opportunity to try and get my bail revoked and that's what I'm facing."

Dotcom faces extradition to the United States to face piracy charges - as the US government continues to be heavily influenced by copyright groups, lobbying politicians and lawmakers - as Dotcom wished he didn't try to become involved in New Zealand politics. In addition to dumping millions into the failed campaign, many Dotcom supporters eventually turned on him.

Michael Hatamoto

ABOUT THE AUTHOR - Michael Hatamoto

An experienced tech journalist and marketing specialist, Michael joins TweakTown looking to cover everything from consumer electronics to enterprise cloud technology. A former Staff Writer at DailyTech, Michael is now the West Coast News Editor and will contribute news stories on a daily basis. In addition to contributing here, Michael also runs his own tech blog, AlamedaTech.com, while he looks to remain busy in the tech world.

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