Dotcom – bad budgeting or botched basket case?

Kim Dotcom’s legal team is holding up his extradition hearing, arguing for a stay of proceedings.

One argument is that Dotcom is being prevented from mounting an adequate defence because his funds have been frozen. They say he needs $750,000 to pay for expert witnesses from the US.

However a Herald report says that Kim Dotcom sold shares to pay for defence.

Dotcom’s US attorney Ira Rothken said they would need about US$500,000 to get the people they needed and it could take up to six months to gather all the evidence required from them.

Kim Dotcom sold shares in his new companies for about $20 million in 2013 to pay for his defence team and provide for his family, he has told a court.

He told the court about setting up Mega Ltd with Ortmann and van der Kolk and music company Baboom in 2013, shares in which he sold for about $20 million.

Dotcom said the ventures were “born out of necessity” to pay for the drawn-out extradition battle and also to secure his family’s future with contributions to the family trust, the Trust Me Trust.

So Dotcom wants yet another delay because he hasn’t got $750k left out of $20 million to pay for his defence.

Dotcom said he donated up to $4.8 million during its brief existence and Mr Ruffin asked why he had not put some of that money aside to pay for US legal experts he now claimed were vital to defending his case.

“If I had a crystal ball and I could see the future, in hindsight I could have done that,” Dotcom said.

“But at the time, for me, there was no reason to believe there wasn’t more unrestrained funds coming from my business ventures.”

Didn’t he already already have restraints on funds internationally?

In any case why wouldn’t he make sure he had budgeted adequately from available funds to do what he wanted to defend himself from extradition?

His ill-fated involvement in the Internet Party was also discussed.

Dotcom said he donated up to $4.8 million during its brief existence and Mr Ruffin asked why he had not put some of that money aside to pay for US legal experts he now claimed were vital to defending his case.

“If I had a crystal ball and I could see the future, in hindsight I could have done that,” Dotcom said.

“But at the time, for me, there was no reason to believe there wasn’t more unrestrained funds coming from my business ventures.”

Of course if he had a crystal ball he would have seen that pouring $4.8 million into a political attempt to hold the balance of power in New Zealand’s Parliament was nuts and wouldn’t have wasted it.

Mr Ruffin also asked the defendant why he had not used money from living costs to pay for the experts he claimed he needed.

“If I wanted to be homeless and sack all my staff and kick my kids out of school I could’ve done that, yes,” Dotcom said.

Maintaining a lavish lifestyle was more important to him than budgeting to defend his extradition?

Does he think he’s doomed anyway so might as well spend his money before it is taken from him?

I hope his lawyers have checked that he has budgeted to pay them.

Or – was Dotcom banking on buying political power to prevent his extradition and put all his eggs in that basket so didn’t worry about funds for a legal defence?

His political eggs are broken and on his face.

The court will decide whether his budgeting story stacks up. To me it looks like a case of botched optimism in the Internet Party play.

Leave a comment

9 Comments

  1. Traveller

     /  9th October 2015

    If the court upholds that spurious argument then the law is the proverbial ass. It would set a terrible precedent and flies in the face of common sense.

    Reply
    • Normal rules don’t apply to Kim Dotcom. Just check out that leather lounger.

      Reply
      • kittycatkin

         /  9th October 2015

        Mr Bumble (Oliver Twist) said that ‘If the law supposes that, the law is a ass-a idiot.’ but it was in a particular context, that the law supposed that Mrs Bumble had acted criminally under his instructions-and this, of course, meant that HE would go to prison as well. Mr B was rather ignorant, hence ‘a ass,,,,a idiot’. These are usually ‘corrected, which is a pity.

        He went on to say that if that was the eye of the law, then the law must be a bachelor, and that he hoped that the eye would be opened by experience !

        Reply
  2. Mike C

     /  9th October 2015

    Delaying Court proceedings has seemed to have almost been DotComs main tactic for the past three years, and it has worked well for him thus far.

    Either our legal system is a big fat joke, or DotCom has managed to bribe just enough Judges to be able to put off his extradition proceedings … or perhaps a bit of both.

    DotCom must rue the day that he made the decision to come to New Zealand, and I bet he wishes he had picked a South American country instead.

    Reply
    • traveller

       /  9th October 2015

      “DotCom must rue the day that he made the decision to come to New Zealand, and I bet he wishes he had picked a South American country instead.”
      A sentiment shared by everyone I’ve ever met, except the Socialist Aotearoa and tinfoil hat wearers.

      Reply
      • kittycatkin

         /  9th October 2015

        Also by the people of South America, I would imagine. What a lucky escape. They’ll be having a ‘Kim Dotcom Went to NZ and Not Here’ public holiday.

        Reply
        • kittycatkin

           /  9th October 2015

          Or do I mean that they DON’T share it ? Er….you know what I mean, anyway. It’s been a long and trying week and I’m probably not at my brightest and best, Don’t answer that, Mike.

          Reply
          • Mike C

             /  9th October 2015

            @Kitty

            BUGGER !!! 🙂

            I had a comment lined up, that was witty and funny at your expense. LOL.

            Reply
            • kittycatkin

               /  10th October 2015

              Oh dear, how sad, never mind 😀

              You will know who said that 😀

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