NRA Files For Bankruptcy Amid Fraud Suit In New York
Added 01-15-21 07:07:03pm EST - “The NRA aims to relocate to Texas, away from the "corrupt political ... environment" of New York. The state's attorney general says officials diverted millions of dollars to their personal expenses.” - Npr.org
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National Rifle Association Annual Meeting 2019 in Indiana. The organization filed for Chapter 11 bankruptcy Friday. In a statement the NRA said it aims to reincorporate as a nonprofit in Texas, leaving New York, where the state has filed a fraud suit against it. Michael Conroy/AP hide caption
National Rifle Association Annual Meeting 2019 in Indiana. The organization filed for Chapter 11 bankruptcy Friday. In a statement the NRA said it aims to reincorporate as a nonprofit in Texas, leaving New York, where the state has filed a fraud suit against it.
The National Rifle Association filed for Chapter 11 bankruptcy in Texas on Friday as its current home, New York, pursues a fraud case against the organization.
The NRA was founded in New York in 1871 and has since presented itself as a defender of Second Amendment rights. The NRA attributes the move to Texas to a "corrupt political and regulatory environment," in New York.
New York Attorney General Letitia James filed suit to have the NRA dissolved last August. She accused CEO Wayne LaPierre and other senior staff with diverting millions of the nonprofit group's dollars to luxury vacations, private jets and more. James called for the funds to be returned and the executive to be prohibited from serving on any not-for-profit in New York ever again.
The @NRA's claimed financial status has finally met its moral status: bankrupt.— NY AG James (@NewYorkStateAG) January 15, 2021
While we review its bankruptcy filing, we will not allow the @NRA to use this or any other tactic to evade accountability and my office’s oversight.
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