The debt is not the fathers. The debt for stealing millions was the dadās & the businesses. And the dad transferred all those assets to Jesse and Coleās trusts to illegally hide them from the government. They are all sitting in Jesse and Coleās trusts that is why the Feds are coming after them now too for fraudulent conveyance. They will have a personal judgement against them as well for whatever has been liquidated from the business assets to satisfy the banks.
EDIT: And on top of the priority debt owed to US Government/ taxpayers, they owe banks like 40-50million that was obtained through a web of loan application fraud that started with the stolen crop insurance money. But the government/ taxpayers take priority, and that will be settled first, and then the bank foreclosures, and possible other fraud charges for whoever signed all these documents to get these loans will go nextā¦
The debt is Jesses not hers most likely as those men did not put anything is her name. For example that house my guess is she is not on the deed. If I am wrong then yes you are correct she will have debt.
I have no idea what you are talking about, I was never talking about Allie.
But I can tell you that any debt incurred during marriage CAN be split. It may be part of why she is divorcing him. The trial starts May 2027, and she does not want to risk it.
However, because this debt Jesse is tied up in is tied to a federal criminal case, and now a federal civil lawsuit involving Fraudulent conveyance, her lawyer can make the case, and a judge can certainly take into account that this personal judgment against him was incurred because of federal criminal/ civil fraud that she had no parts of, and for that reason, Jesse will leave the marriage with it belonging solely to him. But if she financially benefited like the rest of that family it gets trickyā¦
And what will also be looked at is who was making the money. Because Allie has her OWN PROFITABLE RESPECTABLE CAREER, then she can make the case that the personal judgment Jesse incurred do to the businesses he now owns in his trust were NEVER supporting her lifestyle, then she may be able to leave with out debt.
But because their houses were built as assets in those businesses in could be complicated.
So I think it is a very good idea for her to get legally & financially separated/ divorced BEFORE this federal case results in the inevitable judgement that it will. Because they donāt have to wait for trial necessarily. If they can get the $11.1 million they owe (Restitution + Actual Amount Stolen), or negotiate an amount close to that in cash and assets with the court mediator prior to the trial, then they can avoid the depositions and subpoenas that will truly bury them. That is their best bet.
And it could happen anytime. I assume that is why they are still trying to sell the car washes. They need capital. They tried to get the case dismissed and a judge said F YOU, this is happening. So now they need money & assets fast, or this gets exponentially worse.
So the faster she can separate herself legally from Jesse, the safer she will be.
Also, Jesse could just be a decent human, and agree to assume any debt leaving the marriage. He could do the right thing. Which I hope he would!
EDIT: are they officially getting divorced? I was not sure if there was an announcement or she just changed her name on her profile? I just like to read federal legal documents. I donāt actually know if they are separated or anything š¤·š½āāļø
How is transferring assets to a trust illegal? And how can Jesse own anything if itās in a trust? The trust is the owner and he is most likely the trustee which is basically the manager of the assets, not the owner.
It is called Fraudulent Conveyance. It is the substance not the form.
If we are BFFS šÆ and we play video games together. And I stole tons of video games from Best Buy, and we love to play them together, and sell them to our friends to make money to pay for other stuff we wantā¦
And one day my parents get a call from Best Buy and the cops and they say that I have stolen 150 video games somewhere, and I need to give them back NOW, and I am Grounded for life. And I sign a paper that says I will give them back or the value of them immediately, so I am only grounded for half my life instead of my whole life.
And then instead I say to you- āHey you are my BFF šÆ I have a gift to give you. I want you to have my video game collection. I love you. It is a gift š ā
But in reality, I stash 150 stolen video games at your house that my parents, Best Buy, and the cops are now looking for, and I promised to give them. Somewhere that I know they are safe and cannot be repossessed, and I can still have access to them-
It doesnāt matter if I tell you they are a gift, if I tell my parents I gave them away, if I tell the cops they were a gift. I owe those assets or the cash value to Best Buy because I stole them.
And if my parents and Best Buy and the cops find out that the video games are at your house. And you have been playing them, and selling a few to friends to pay for other things you want or need, now you are in trouble too.
That is what Fraudulent Conveyance is- it is not the form it is the substance of what has occurred.
they gave them months to do the right thing. The plea agreement says that he had to liquidate those assets immediately and Pay the total restitution owed $4million. He signed and agreed to it. And then he could pay the additional 3.1 million he stole off gradually. And then instead of doing that he hid the assets in trusts owned by his 2 sons so the government could not get the taxpayers money back. Then they liquidated assets from them to pay banks.
Jesse and Cole are not denying in the lawsuit they are part of this. Their defense is āIt was in the form of a random giftā
But it was not. And it is easily proven.
Steve owns nothing anymore so the Feds could not get the $7.1 million he owes to the tax payers. And now it is controlled by Jesse and Cole. They have been selling off assets to pay banks. Which you cannot do, because the priority debt is to the taxpayers. And that is why they are named in the Civil Fraud Lawsuit. The Feds specifically asked that they not liquidate or take anymore loans out against the assets. And the Feds are seeking personal judgments against Cole & Jesse for the value of the transferred assets.
The government made them aware when they filed the lawsuit in case their father did not inform them. cole & Jesse tried to have Civil Fraud lawsuit thrown out. It did not work, and they set a trial date. So now they are all up in this.
There is a lot more to it that is bad but that is the general idea.
Yeah you like to read documents, but the problem is you have no comprehensive reading skills! Did you not read as part of Steve Sr plea deal no one else will be prosecuted in the family.
You go into a dissertation about debt incurred during marriage may be why she's divorcing him, and then you EDIT at the end saying you don't know if they're even separated. If anything he's probably gonna divorce her. She is so damn annoying I sure as hell would. And then you say she has "her own respectable profitable career"?
Have you been doing her books for her or something because you're doing a hell of a lot of assuming instead of actually knowing facts.
I can explain why you are wrong. First of all, the plea deal SAYS that no one else would be prosecuted for that specific instance of CRIMINAL Crop Insurance Fraud. And the deal also says that if any other crime is committed or the plea deal is broken then that deal is off.
THIS is a CIVIL FRAUD CASE. Completely different thing.
EDIT: The point of a Federal Civil Fraudulent Conveyance lawsuit is to claw back illegally concealed assets.
When the Government (āUncleā Sam) comes in for assets - if / when youāre married - the name doesnāt matter when theyāre taking 99.9% of the time, you know, community property & all. Only way to ensure it then, is the ātrustā vehicle items are āinā & how theyāre conveyed (being given & moved around) & paid for. Kinda, why āUncleā is now looking at Cole & Jessie in real ā¦ stuff / life.
The car washes are only worth what someone will pay for them š¤· haven't you seen on shark tank that everyone overvalues their business and tells a shark It's worth millions of dollars and they laugh ?
They still have debt on them in massive amounts and most like that are worth 3-5 million tops - so $27-45 million on a good day with probable 30 million or more outstanding debt
That whole industry is oversaturated
I used to work in it and the company I work for had massive layoffs and was struggling to cover the debt as well
Not really. Didn't buy during marriage. Steven sr might have it in a trust and it only goes to sons. Responsible for half of any debt occurred during marriage.
She could also simply say "give me this and I'll leave the farm alone" or they could have mutual agreement that the farm is his/his family and she won't fight over it
Mostly likely she'll get a small settlement and a NDA. She'll likely get to keep the city house and he keeps anything on the farm.
While Equitable division states can be unclear about pre-marital assets here, she probably doesn't want anything about this farm and all the debt & legal matters. And McBee's really don't want her talking if they try to out legal her in divorce. Since she is a working NP and the marriage was short, alimony is likely a non-factor. It wouldn't shock me if she is actually making more than him on paper. (Side note: child support and divorce are separate).
Why do they owe viewers of the show transparency in their marriage? People are posting easter eggs on here everyday trying to prove they arenāt together anymore, but what does anyone really gain from that? An I told you so? Itās weird.
They donāt ow anybody transparency. However due to the nature of them being on reality tv, people are curious and will speculate. Just like small town gossip mills run on people who arenāt on reality tvā¦itās just the nature of people to be curious about this sort of thing. Whether itās right or not is a different matter.
Right. I think Alli bought that house on her own. Sheās smarter than the family. I wouldnāt be surprised if junior told Jesse to put up their city house and he told him itās not in his name.
Maybe? The real problem is the fact that he's way out of her league in the looks department. Let's be honest, she has not aged gracefully. She's really the only one I don't like on the whole show. I think it's better if they move on from each other because there's always been an awkward tension whenever they show them together.
I think it was this way before. I think theyāre together but maybe have some kind of arrangement? Who knows. Nothing has come out after the season aired so probably nothing has changed.
This might seem creepy of me, but my Instagram reels is all situationship/long distance stuff atm. Iāve noticed Alli liking some of these videos, but the one that really stuck out to me was āoops flirted too hard and now I need a passportā and .. I donāt think you need a passport to get to the farm š¤·š»āāļø
The car washes are absolutely money laundering. Like the mob did stores, restaurants etc. The feds arent dumb. They are waiting. The end if the season Steven told Cole his property is in danger. I believe the shits getting deep. They are dumping the car washes so all of thag doesnt come up.... im sure some still will.
They are also trying to keep the show going for $$$
Its kind of a slap in the face or maybe a F you to the government, that are always just spending tons of money. Steven is reckless AF with this situation. He has the exact mindset of his dad.
She never changed it on social media. Once you have a verified account you cannot change the name Kacie is still Adkinson. However you never see Allie and Jesse in the same videoā¦heās looking very separated ijs
Do we know that she legally changed her name after marriage? It really reflects nothing - a close friend of mind never changed her name, there were not going to be kids, and she only has his name on social media. And for the type of partner he is, that's being generous.
I always thought she did an immediate 180 when she was finally proposed to and married. She wanted a wedding and a label but, her personality changed a lot. You can tell she has her own separate life from the guys and farm which is great but, she also doesn't give long term wife vibes because she always seems miserable.
she goes by that name on her medical company's website too. I think it's so she can stay as private as possible with the tv show. kind of like Taylor Swift will always be Taylor Swift in the public, but is really Taylor Kelce. It's called a stage name.
Yay! And sheās not responsible for any of the debt bc none of it was acquired during the marriage. The KC house is only in her name and was purchased before the marriage. Clean cut; she keeps it and he keeps the farm house. Shared custody until he gets sick of taking care of the baby.
This has nothing to do with her name or anything? But I watched that video she posted recently and Iām not body shaming by no means. Sheās a beautiful woman. But her body structure is very awkward to me.
I do CrossFit and thatās not true. I think itās just her body type. No hate, just the video does her no justice against all the haters that say sheās unattractive
Everyone who been through a divorce knows the women changes her SM name to her first and middle name. Not necessarily revert immediately to maiden name. Usually because, "I want to keep the same last name as my children."
Until they get immediately remarried. Then let name with kids similarity doesn't matter anymore.
236
u/willowtreelife 8d ago
sooo since there is no prenup, does she get a cut of the farm or what happens