What Could Josh Duggar’s Conviction Mean For His Assets & Finances?
There have been many questions about Josh Duggar’s conviction and what’s ahead for his family. The eldest Duggar son was found guilty of receiving and possessing child pornography last week. Now, he is awaiting sentencing in the Washington County Jail in Arkansas. He’s facing decades behind bars, as well as hundreds of thousands of dollars in fines. Each count could earn him up to 20 years behind bars plus up to $250,000 in fines. Sentencing should take about four months, according to Judge Brooks.
Fans and critics are wondering what will happen with Josh’s finances and whether his wife, Anna Duggar, will be affected. Fans and critics speculate that Jim Bob Duggar will help Josh financially, but that hasn’t been confirmed. They assume that Jim Bob has also been responsible for Josh’s legal fees.
What might happen with Josh Duggar’s finances?
At this point, it’s still unclear what exactly will happen with Josh’s assets. However, Katie Joy of Without a Crystal Ball reports that “Part of Josh Duggar’s conviction is that there is a forfeiture allegation. This means that the feds will seize any income be derived from CSAM.” As mentioned, Josh is facing up to $250,000 in fines on each count as well. Based on what we know from the trial evidence, it doesn’t seem like Josh made any income from the disgusting material on his devices.
She continues, “Prior to his trial and during the investigation, Josh Duggar opened at least 7 LLCs and put them in Anna’s name. He cannot avoid the fine by having no assets. Having ANNA holding assets will not stop the feds from taking the money.”
Katie notes that Jim Bob also moved his own properties out of his name. Now, Michelle Duggar is the property owner listed on the family’s real estate. It’s unclear why exactly Jim Bob moved his assets and real estate when Josh was the one facing charges.
Based on her research, Katie guesses, “The IRS is likely to be involved right now to look into Josh’s finances to secure any fines he has & ensure he’s not trying to hide money.”
A lot more could unfold in the coming days and months, revealing what’s going to happen with Josh’s finances. Even though he moved his assets to Anna’s name, he can’t hide them from the IRS.
So, what do you think will end up happening with Josh Duggar’s assets? Share your thoughts in the comments section below. For more news about the Duggar family, come back to TV Shows Ace.
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