- Joined
- Apr 29, 2015
- Posts
- 18,127
New York AG in lawsuit accusing leaders of self-dealing, causing $64 million in losses
https://www.cnbc.com/2020/08/06/new...-accuses-gun-group-execs-of-self-dealing.html
New York Attorney General Letitia James was set to announce Thursday that the state is seeking to dissolve the National Rifle Association in a lawsuit that accuses the leadership of the flagging nonprofit of diverting millions of dollars for their own personal use.
According to the lawsuit, the senior leadership of the NRA squandered millions in donations on personal trips, private jets and expensive meals. The failure to lawfully manage the organization's funds contributed to losses of $64 million over three years, the suit says.
James is asking the court to dissolve the NRA and require each of the current and former executives named in the suit to pay full restitution. The suit argues that the four executives, including CEO Wayne LaPierre, shouldn't be permitted to ever again serve on the board of a New York charity.
The lawsuit claims that the group had a $27.8 million surplus in 2015, which declined by about $64 million by 2018, putting the group $36 million under water.
LaPierre, a longtime NRA executive and a Trump ally, spent hundreds of thousands of dollars on private trips for himself and his family, the suit alleges. Those trips include eight visits to the Bahamas and all-expense paid safaris in Africa with his wife, Susan, according to the lawsuit.
https://www.cnbc.com/2020/08/06/new...-accuses-gun-group-execs-of-self-dealing.html