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  • 2011-10-10 (xsd:date)
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  • Did George Soros Buy Up Marlin Firearms? (en)
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  • A message originally circulated in October 2011 held that international financier George Soros was buying up and shutting down firearms manufacturers, including Marlin Firearms, through an outfit called the Freedom Group: The Freedom Group (the world's leading innovator, designer, manufacturer and marketer of firearms, ammunition and related products) has bought up a number of firearm-related companies in recent years, making it one of the world's largest manufacturers of firearms and ammunition. Cerberus Capital Management as of 2009 held a 94.3% stake in Freedom Group's shares. However, there is no connection between Cerberus Capital Management and financier George Soros: Cerberus is a privately traded company which was established in 1992 by Stephen A. Feinberg, and the company's list of senior executives does not include George Soros in any capacity (but does include such conservative notables as former Republican Vice-President Dan Quayle and former Treasury Secretary John W. Snow). As the National Rifle Association's Institute for Legislative Action (NRA-ILA) notes of this rumor on their web site: A 2012 variant of this message focused on Marlin Firearms: In 2011, Marlin Firearms ended 141 years of manufacturing in Connecticut when they closed their firearm production facility in North Haven. However, Marlin was acquired in 2008 by Remington Arms Co. Inc., a subsidiary of Freedom Group (which as noted above has no connection to George Soros) and remains in operation today as a vendor of firearms (primarily rifles). In the wake of the December 2012 mass shooting at Sandy Hook Elementary School, Cerberus Capital Management issued a press release announcing their intention of selling their investment in Freedom Group. As of 2015, however, Cerberus still retains their shares of Freedom Group. (en)
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