In the story I read (I think on reddit but I can't find it now) they destroyed all his hard drives but he had one camera that uploaded to the cloud so he still got some footage from that.
If you buy cloud-enabled ipcamera and then complain your ass is online, you're a prick.
Edit: http://blog.includesecurity.com/2014/04/reverse-engineering-..., http://blog.includesecurity.com/2014/03/Reverse-Engineering-...
You can choose to use the other camera features like email, ftp or http photo alerts just realize that all that data will be "in the clear" as they travel past your router unless you encrypt them.
NOTE: Simply using an SMTPS to Gmail SMTP server is not protecting your content. That's just wrapping your content up in a pretty box for direct delivery to Google.