The Glock family business drama has a script that's juicer than most: The ex-wife of a man who made billions selling guns accuses him of thieving away the family business.
Earlier this month, Helga Glock filed a federal lawsuit against Gatson Glock Sr., accusing him of charges including racketeering and money laundering. She claims he stole her share of Glock GmbH, the family weapons manufacturing business she helped build decades before the first Glock pistol debuted in 1982.
The lawsuit, filed in Atlanta near the Austrian-based company's subsidy in Smyrna, Georgia, says Helga Glock trusted and relied upon her ex-husband, who allegedly told her she shouldn't be involved in financial matters. She's now seeking $500 million plus attorneys' fees. CNBC's email and calls to Glock Inc. for comment regarding Gatson Glock went unanswered.
"The Glock family soap opera is a tale of warning about what can go wrong in even the most financially successful family business," said Wayne Rivers, president and co-founder of The Family Business Institute.