More here on the strange redemption theory believed by Jerry Kane, shot to death along with his son and two West Memphis police after a traffic stop on I-40 last week.

Jerry Kane (in photo from Talking Points Memo), the man police say shot and killed two officers with an AK-47 after being pulled over in Arkansas last week, was a largely unsuccessful traveling pitchman for an esoteric anti-government theory known as “Redemption,” telling desperate homeowners facing foreclosure that they did not have to pay off their mortgages because bank loans are fundamentally illegitimate, according to JJ MacNab, a Maryland insurance analyst who tracks anti-tax and anti-debt schemes.

Advertisement

“He was one of the followers of the Redemption method, the idea being because the bank loaned you money from someone else’s checking account, it’s committing fraud. Therefore, you don’t have to pay your loan,” says MacNab, who first encountered Kane about four years ago when, she says, he began posting on a now-defunct Web forum called SuiJuris.net.

Arkansas Times: Your voice in the fight

Are you tired of watered-down news and biased reporting? The Arkansas Times has been fighting for truth and justice for 50 years. As an alternative newspaper in Little Rock, we are tough, determined, and unafraid to take on powerful forces. With over 63,000 Facebook followers, 58,000 Twitter followers, 35,000 Arkansas blog followers, and 70,000 daily email blasts, we are making a difference. But we can't do it without you. Join the 3,400 paid subscribers who support our great journalism and help us hire more writers. Sign up for a subscription today or make a donation of as little as $1 and help keep the Arkansas Times feisty for years to come.

Previous article The Fallen rise again Next article Cell phone bias in polling