H&K being sued for fraud

Posted April 27, 2010 in News by Steve Johnson with 19 Comments
Tags: H&K, legal, News

We now know why H&K guns are so expensive! It is because mansions, aircraft and yachts are so damned expensive!

US Hedge fund investors allege that Heckler & Koch Beteilungs GMBH (not to be confused with its US subsidiary H&K USA) majority owner Andreas Heeschen used part of a 100 million euro loan that the company took out to purchase 40 million euros worth of property, 12 million euros worth of aircraft and a 12.5 million euro yacht!

The lawsuit was filed in New York State. Heeschen denies the allegations.

[ Many thanks to Carl for emailing me info on this topic. ]

Steve Johnson

I founded TFB in 2007 and over 10 years worked tirelessly, with the help of my team, to build it up into the largest gun blog online. I retired as Editor in Chief in 2017. During my decade at TFB I was fortunate to work with the most amazing talented writers and genuinely good people!