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After working decades to build a wildly successful firearms company, Gaston Glock conspired with associates to push out his ex-wife and business partner of almost 50 years and steal millions of dollars from her, according to a lawsuit filed Thursday in federal court in Atlanta.
They participated in a worldwide racketeering scheme aimed at taking money from Helga Glock, who was divorced from her husband in 2011, through various criminal methods, including improper royalty payments, laundering money through fraudulent billing companies, and sham lease and loan agreements, the lawsuit claims.
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Gaston Glock and his associates had complete disregard for any form of corporate structure and set up a network of sham companies in locations that included Bermuda, Curacao, Hong Kong, Ireland, Liberia, Luxembourg and Panama, the lawsuit says. They transferred money out of Glock and into shell companies he owned or controlled to hide the origins of the money, the lawsuit alleges.
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Gaston Glock and his associates created foundations and convinced Helga Glock and their children to contribute their assets and waive inheritance rights, ostensibly to benefit them and protect the family's control of the company, the lawsuit says. Helga Glock was left with a 1% interest in the company, and Gaston Glock had complete control of the trusts, the lawsuit says. After they divorced, Gaston Glock removed his wife and three adult children as beneficiaries of the
foundations and said they and their descendants could not have any further association with the company, the lawsuit says. Shortly after the divorce, Gaston Glock married a woman roughly 50 years his junior.
http://www.usatoday.com/story/money/business/2014/10/09/ex-wife-of-glock-founder-sues-him-over-millions/16985011/
