Kim Dotcom Thinks He Will Go To Jail in New Zealand; Admits Before Bail Hearing He is 'Broke'

Megaupload founder Kim Dotcom declared that he was "broke" ahead of his bail hearing in an ongoing online piracy case. The Internet mogul was accused of taking more than $205 million from illegal copies of movies, music and other media content.

From his New Zealand mansion, he spoke through a live video link to the UnBound Digital conference in England. Dotcom, born as Kim Schmitz in Germany, announced that he had no money left to support his case in court. He said he is "defenceless" and authorities are using his circumstance to get his bail revoked. Dotcom is fighting his extradition to the United States, according to ABC.

Previous reports said the U.S. Justice Department and the FBI claimed that aside from the $204 million generated by Dotcom's Megaupload and other related sites, copyright owners had lost over $585 million because of illegally downloaded copies of media content.

Dotcom also said in the live feed that it will be his last public appearance before he is set to appear for his bail hearing on Nov 26. His lawyers in New Zealand have dropped his case. Dotcom claimed he has spent $12 million on legal fees since he was arrested in his mansion in January 2012. Megaupload, the popular site distributing pirated copies of copyrighted content, has been shut down.

Dotcom confessed that he regretted entering politics when he created the New Zealand Internet Party because Prime Minister John Key and the National party viciously attacked him. He said National had called him a "Nazi" and accused him of entering politics to stop his extradition. He believes the people of New Zealand are now seeing him as a "pariah."

On the day of his court hearing, Dotcom said nothing to reporters waiting outside the Auckland District Court. Ron Mansfield, Dotcom's new lawyer, had succeeded in getting him a bail hearing which was delayed until recently. Dotcom had declared in the video that he might go to jail.