Al Gore Sex Attack Scandal: Gore’s Land Deals Proof He Knew He’d Be Sued?

Death by 1000 Papercuts ^ | June 28th, 2010 | By Mondoreb

[DontTreadOnMe2009]

A month after scoring their new palatial Montecito estate, Al and Tipper transferred nine properties the wealthy Gores own in Carthage, Tennessee from their own names into a limited liability company (LLP) – a corporate partnership which, legally, is a separate entity.

[DontTreadOnMe2009]

Very very interesting:

According to legal docs filed in Tennessee, the transfer of ownership occurred after the accuser in the AL GORE SEX SCANDAL filed a 2009 police complaint accusing the ex-VICE of sexual misconduct.

A real estate insider told The ENQUIRER that such a transfer of ownership protects the valuable assets in potential legal claims.

A limited liability partnership, like a corporation, is a completely separate entity and can not be liable as an asset if someone files personal lawsuits against either Gore.

Convenient timing? There could be an alternate, innocent enough explanation–we’ll wait for it.

[madison10]

The scandal may also be why they divorced—not because they had differences personally, but to protect the assets.

[Commander X]

He is scum...the only explanation needed.

[bigbob]

I’m not a lawyer, but I do know the operative phrase here is “piercing the veil”. An LLC or Inc. does not guarantee assets will be protected, depending on state law and other mitigating factors, including fraud.

[sodpoodle]

That’s a profile in courage.

So he’s betting he will lose!!!!

[Pessimist]

Yeah. I would think that if the transfer was done in anticipation of a legal action, it wouild be null and void.

[kenavi]

So she can go after his ownership interest in the LLC. Actually makes it easier for her.

[pallis]

Tipper endured Al’s drunken, drug crazed orgy with the biker chick, but she couldn’t handle Al leg humping masseuses like a poodle in heat. Now we know where all the global warming is coming from. Al has the hots. This is just the tip of the iceberg, and it’s melting.

[esoxmagnum]

In Illinois, our LLC is only as good as the attorney you have representing you, when it comes to protecting your assets (or rather it is dependent on the attorney going after you and the judge).

It has become nothing more than insurance against minor claims.

It protects our mom & pop shop against the mundane claims we get every year against us, like auto accidents and property damage (yes we get sued a few times a year, its the cost to do business, and we have to build that in our prices), but we in no way are delusional about the idea that if a really big claim came along due to our own negligence or fraud, we would lose everything we personally own (so we personally try not to own too much).

Only the big boys have that sort of personal protection.

[cicero2k]

I’m not a lawyer but I play one on anonymous blogs.

This sounds like normal estate planning or at least is plausible as such. In any event they are assets which can be attached as part of a plaintiff’s judgement. He probably has liability umbrella insurance policy as well. Plus any judgement for personal behavioral improprieties would barely nick his sizable estate.

Now, what Tipper and his children are entitled to is wide open for speculation. We are not privy to contracts and wills.

[AngelesCrestHighway]

Al knew he'd be sued???....

[UCANSEE2]

[coloradan]

What if the action being sued over took place before the transfer into the LLC?

[Colorado Cowgirl]

That proves it, al has thumbs. So getting a happy ending, was right there in his own hands. Pos!

[Texas Songwriter]

Fraudulent conveyance.

[dools007]

I’ve been saying this almost from the moment I heard about the so-called split. Latest news seems to confirm it.

And to think we were only an eyelash away from this poor excuse of a human being usurping the presidency. A lot of good it did us. Eight years later we have the Marxist Usurper occupying the Oval Office.

[Erasmus]

And another close one that could have given us the much-injured Cambodian Riparian Secret Agent.

[Vaduz]

I’m sure Obama’s wall street reform law will end dirty deeds like Al pulled off. /s

[blau993]

The timing is interesting, but this could be much ado about nothing. Assuming the properties were jointly owned, they could not have been attached to satisfy the debt of only one of the owners. So, a potential lawsuit by the masseuse would not necessarily give rise to a concern about the safety of these properties. Transfering property into an LLC is done for many reasons, not all of them nefarious. This could have been normal estate planning, or it may have had something to do with their plans to separate and divorce.

[colorado tanker]

There could be an alternate, innocent enough explanation–we’ll wait for it.

Family limited partnerships are a common estate planning tool.

The real threat to Al here is the possibility of criminal prosecution. Based on her statement, civil damages would be modest as he never attacked her.