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2020-08-07 Home Front: Politix
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New York seeks to break up National Rifle Association, alleging financial mismanagement
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 [Reuters] New York state's attorney general sued to dissolve the National Rifle Association on Thursday, alleging senior leaders of the non-profit group diverted millions of dollars for personal use and to buy the silence and loyalty of former employees.
The lawsuit announced by Attorney General Letitia James alleges NRA leaders paid for family trips to the Bahamas, private jets and expensive meals that contributed to a $64 million reduction in the NRA's balance sheet in three years, turning a surplus into a deficit.
James alleged in a statement that NRA leaders "used millions upon millions from NRA reserves for personal use," failing to comply with the NRA's own internal policies in addition to state and federal law.
In announcing the lawsuit, James told reporters the NRA "has operated as a breeding ground for greed, abuse and brazen illegality." She added "no one is above the law" - including the NRA.
At the same time, the attorney general for Washington, D.C.,
| ... that’s Karl Racine... |
filed suit against the NRA and its foundation, alleging the misuse of charitable funds and wasteful spending.
The confrontation pits James, a Democrat, against the largest and most powerful gun organization in the United States, one that is closely aligned with President Donald Trump's Republican Party.
The NRA, which teaches gun safety in addition to advocating laws making it easier for Americans to own guns and ammunition, is subject to New York law because it is registered as a non-profit organization in New York, where it conducts most of its financial transactions.
The NRA, which has its national headquarters in Fairfax, Virginia, about 20 miles (30 km) west of Washington, D.C., did not immediately respond to a request for comment.
New York state and the NRA have tangled before. The state has taken legal action against NRA-branded insurance policies sold to gun owners, and the NRA is suing the state for closing gun stores under an executive order to halt the spread of COVID-19.
The latest lawsuit names the NRA as a whole and four senior executives of the group including Wayne LaPierre, the executive vice-president who has been atop the leadership for decades.
It also names former Treasurer and Chief Financial Officer Wilson Phillips, former Chief of Staff and Executive Director of General Operations Joshua Powell, and Corporate Secretary and General Counsel John Frazer.
The suit charges the NRA with "awarding contracts to the financial gain of close associates and family, and appearing to dole out lucrative no-show contracts to former employees in order to buy their silence and continued loyalty," James's office said in a statement.
"The failure of the NRA to comply with multiple fiduciary responsibilities and state and federal laws resulted in the NRA seeing substantial losses on its balance sheet: going from a surplus of $27,802,714 in 2015 to a net deficit of $36,276,779 in 2018 - contributing to a total loss of more than $64 million in just three years," the statement said.
In addition to attempting to close down a group that has existed since 1871, James seeks to recover millions of dollars in lost assets and to stop the four executives from serving on he board of any other not-for-profit group in the state.
Wonder if it has anything to do with this?:
Exclusive: NRA Plans to Spend ’Tens of Millions’ in Battleground States
DC Attorney General Is Suing the NRA Foundation
[Washingtonian] The lawsuit by Karl Racine alleges the NRA's charitable wing funneled money to the gun lobbying group.
While the NRA is incorporated in New York, the NRA Foundation, its charitable wing, is incorporated in the District. Both are headquartered at the same address in Fairfax, Virginia. According to Racine’s lawsuit, an OAG investigation found that the NRA’s financial problems in recent years prompted it to lean heavily on the Foundation for funds, including two $5 million loans in 2017 and 2018, one of which has not been repaid. The lawsuit also alleges a series of fee schedules and other financial schemes to funnel more money to the NRA. 
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Posted by Anomalous Sources 2020-08-07 00:00||
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