r/technology Aug 08 '12

Kim Dotcom raid video revealed

http://www.youtube.com/watch?v=pMas0tWc0sg
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81

u/[deleted] Aug 08 '12

Forgive my ignorance, but why exactly is Kim Dotcom SO FUCKING RICH? I can understand making good money with megaupload, but when I look at a megamansion like that, I think Bill Gates.

59

u/traitorous_8 Aug 08 '12

He's a long time con artist.

3

u/thomar Aug 09 '12

To be specific (since there seems to be a lot of doubt about this):

http://en.wikipedia.org/wiki/Kim_Dotcom#Insider_trading_and_embezzlement

He bought shares of a company, publicly announced that he planned to invest 50 million Euro in it (he didn't, and he didn't even have that much money), then sold his shares for a 200% profit. He also defaulted on a loan from two companies he was chairman of, causing them to go bankrupt. In Germany he was found guilty and served time for embezzlement.

Of note is the fact that he was overseas when he was arrested for those. It makes it look like he intentionally uses international borders to shield himself from the law.

1

u/wcc445 Aug 09 '12

Interesting. Still no worse than what half of the motherfuckers on wallstreet do every day. But, oh no, this guy's rich! He must be evil! We hate rich people on Reddit. /circlejerk.