Megaupload founder Kim Dotcom declares himself ‘broke’ as legal costs mount up

Dotcom claims to have spent more than £6.4million since being arrested in 2012

Kim Dotcom, founder of filesharing site Megaupload, has claimed that he is now “broke” because of the legal costs he has faced since his arrest in 2012.

Megaupload was shut down in November 2012 after the FBI called the case “among the largest criminal copyright cases ever”. Since then, Dotcom – who currently resides in New Zealand – has been fighting attempts to extradite him to the US to face the charges, however he has now declared that the costs have left him “broke”.

Dotcom says he has now spent more than £6.4million on legal fees and his lawyers have resigned as he doesn’t have enough money to pay them.

As the BBC reports, Dotcom told of his current situation via a live satellite link up to a conference in London. “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.”

Dotcom will now be representing himself.

Earlier this year, meanwhile, the internet tycoon talked about his debut album ‘Good Times’, which he released in January and compared to David Guetta and Tiesto. “Always upbeat, always happy, always putting you in a good mood,” he said of the album. “That’s what I want to achieve with my music.”