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Gaston Glock's Life-Threatening Illness Threatens Gun Empire
The ailing mogul is battling his wife and children in court, and control of the Glock gun empire is at stake

by Paul Barrett 12:07 PM EST
February 17, 2015



A Glock 9mm pistol.
Photographer: Mark Lewis/Getty Images

As he battles his ex-wife in court over hundreds of millions of dollars and control of the world's most influential handgun manufacturer, 85-year-old firearm mogul Gaston Glock is also struggling with life-threatening ailments.
That's the take-away from a recent federal court filing in Atlanta in Glock's legal shootout with his former wife, Helga. The Feb. 13 filing by Helga Glock's lawyers alludes to the postponement of an Oct. 24, 2014, court hearing in Gaston Glock's native Austria due to the industrialist's hospitalization for an "acute infection with decompensation of the cardiovascular system and the renal system." The U.S. filing also refers to a Jan. 15, 2015, deposition of Glock in Austria that had to be halted after two hours "because of his worsening health condition."


Gaston Glock (center) and guest at a sporting event in Velden am Worthersee, Austria on Aug. 2, 2008.

The Glocks are tussling in courts in Austria and the U.S. as part of the fallout from their rancorous 2011 divorce. In a civil suit filed in October in Atlanta, Helga Glock accused her ex-husband-whose eponymous company supplies firearms to two-thirds of U.S. police departments and millions of individual American consumers-of money laundering and racketeering. The suit invokes the Racketeer Influenced and Corrupt Organizations (RICO) Act and seeks $500 million, plus unspecified punitive damages and attorneys' fees.

Gaston Glock denies wrongdoing and has accused his ex-wife and three adult children of trying to make off with wealth he has accumulated legitimately since he introduced the large-capacity black-plastic semiautomatic Glock pistol in the early 1980s.
Helga Glock's lawyers cited Gaston Glock's faltering health as a reason that he should be compelled to sit for a sworn deposition in the RICO case before he becomes physically unable to do so. Gaston Glock's "illness or death during the pendancy of this litigation would prejudice Ms. Glock though the loss of critical evidence," her lawyers said in the Feb. 13 filing. Attorneys for Helga Glock, 78, said in the filing that because of her own ill health, she, too, ought to be deposed so that all relevant testimony would be preserved.
The prospect that both Glocks might not be long for this world raises the question of who would control the family-owned (albeit hotly disputed) pistol-manufacturing empire. For years, gun industry executives have speculated that the Glock brand would be a prized acquisition for a more diversified arms company. As long as Gaston Glock is alive, however, it has been assumed that his company isn't for sale.
The Glock courtroom feud features allegations of fraud and concealment of gun profits. Helga Glock claims her ex-husband stole her share of a company they built together over the decades. The litigation also raises broader public policy issues, not least whether closely held Glock GmbH and its U.S. subsidiary, Glock Inc., represent the sort of companies to which U.S. municipalities, federal law enforcement agencies, and military units ought to direct millions of dollars a year in taxpayer funds.
Lawyers representing Glock Inc. and its affiliates have asserted that the firearm empire follows all relevant tax laws and operates ethically worldwide. Gaston Glock revolutionized the handgun market when his reliable, reasonably priced, and simply designed pistol caught on in the U.S., beginning in the late 1980s. My 2012 book, GLOCK: The Rise of America's Gun, told the story in full. Last September, Bloomberg Businessweek published an article based on my interviews in Vienna with Helga Glock and her children, in which they provided what amounted to a preview of the RICO suit.
Gaston Glock divorced his wife of nearly 50 years in 2011 and has since married a woman a half-century his junior. The divorce followed a stroke Glock suffered in 2008. He has since been in fragile health. http://www.bloomberg...tens-gun-empire
 

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Group buy?
 

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Member of the secret Canadian Mafia
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Hmmmmm, money laundering and racketeering? Say goodbye to any hope of the US military contract for the beretta replacement!
 

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Hmmmmm, money laundering and racketeering? Say goodbye to any hope of the US military contract for the beretta replacement!
Yeah, because accusations from ex-wives are always, totally and absolutely credible, especially when they are looking to make hundreds of millions of dollars with their claims.

Ex-wives are the only creatures that rank beneath "Democrat Politicians" on the credibility scale.
 

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Yeah, because accusations from ex-wives are always, totally and absolutely credible, especially when they are looking to make hundreds of millions of dollars with their claims.

Ex-wives are the only creatures that rank beneath "Democrat Politicians" on the credibility scale.
At least you're not bitter.
 
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