12/14/2004 Entry: "Now we know why Kimbers are so expensive"
Posted by Maynard @ 10:24 AM MST

Now we know why Kimbers are so expensive

Kimber Firearms has been bilked for $10 million by the CFO of the parent company.
Philadelphia Business Journal coverage
Yahoo (Reuters) coverage

Turns out he spent it on a house and a new business, and according to The DOJ

Denis Shusterman spent over $5 million of money he stole to produce three motion pictures; invested over $1.2 million in the creation and maintenance of a financial services firm in Philadelphia; lost over $200,000 in aggressive stock trading; purchased a $2.2 million home in Rancho Santa Fe, California, using $585,000 in stolen money as the entire down payment; and spent the rest of the money on a lavish lifestyle."

But the family that steals together, serves time together:

Shusterman's mother, Betty Shusterman, was convicted by a federal jury in Philadelphia in September 2003 for embezzling $1.3 million between 1991 and 2000 from a Dresher, Pa., synagogue while she was employed as its bookkeeper. She is now serving a 51-month federal prison sentence in Connecticut.

This may explain why Kimber sells a $500 pistol for $1000 and up. I wonder if any of the money from the films made its way into Bowling for Columbine.

1041 MST 14Dec2004: Turns out that IMDb has only two films listed for Denis Shusterman, a Killer Instinct and The Sculptress. TV Guide gives us those two and Heart of Stone (free reg. required). Never heard of any of them.

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