The $50 diamond ring that Jared Loughner killed in the California mall shooting, has the ring’s manufacturer saying that it will not be sold until he gets his $100 million in payments, according to CNBC.
Kohl’s, the jeweler in question, confirmed that it had received the payments from Loughners father, James Loughnes grandfather, James Holmes, but has yet to make any further payments.
The company, founded in 1894, has a long history of supporting causes that include raising awareness about HIV and AIDS, the environment, and the arts.
According to CNBC, the payments were made to an unnamed family trust that had a large interest in the company, and were made in order to secure the payment for James Laugs father.
The Laugessons are believed to have made $100,000 in the span of just a week, which was more than $4 million in a day.
The payment came out of a trust fund established in 2008, which is worth roughly $4 billion.
Khl’s had previously said that it was unable to confirm if the payments had been made, and declined to comment further.
However, CNBC noted that the company had previously stated that it did not intend to repay the debt in full, and would be able to make payments to the trust until it received the money, which could take a year.
The payments are not the first time that James Holmes has tried to secure a payout for the family of his victim, who was shot dead by a sniper while shopping at a Colorado movie theater in 2012.
The family of James Holmes was the subject of a scathing report published by the New York Times, which concluded that James had failed to fulfill his legal obligation to repay a $100 Million investment in the jewelry store that he founded.
Kholmes lawyers claimed that he had failed in that obligation because he had never been given access to a financial statement.