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NRA files for bankruptcy

NRA files for bankruptcy

The nation’s most politically influential gun-rights group, National Rifle Association, has filed for bankruptcy. The group will now seek to incorporate in Texas instead of NY. This comes months after the New York state attorney general sued the organization over claims top executives illegally diverted tens of millions of dollars for lavish personal trips, among other questionable expenditures.

Tom A
Tom A
Andrew
Andrew 3 months

Serves them right. As a huge 2nd amendment advocate this pleases me that the people have spoken and stopped donating to what is essentially a bunch of execs living lavish lives off of donations that should have been going to a cause.

Glen
Glen 3 months

Everyone's leaving New York. Big business can't wait to get out of there. De Blasio and Coumo dictatorship have destroyed the business environment.

Beisht Kione
Beisht Kione 3 months

I'm not a fan of the NRA, but I'll be donating to them this year and doubling my donation to GOA. If worse comes to worse, I'm going to have a boating accident.

MIDESSA
MIDESSA 3 months

A non profit that does nothing but lobby politicians going bankrupt. Reminds me of Bushes bank bail out with about the same credibility.

ConcealCarryProtect
ConcealCarryProtect 3 months

Well boys, we did it. Support GOA. Every single dollar goes towards the second amendment fight. They all my donations, and I'm proud of the work they've done.

Eric
Eric 3 months

Thing about the NRA is those anti gun people sure don’t like them, just like all the pro 2A people. I think this is where our country can come together again! The NRA sucks.

atlas shrugged
atlas shrugged 3 months

A slightly late, but well deserved, Christmas present to the SDNY. Also reminds me of something I have been meaning to do: https://membership.nra.org/MultiStep/JoinToday

Lev !🇺🇸 MINISTRY OF TRUTH
Lev !🇺🇸 MINISTRY OF TRUTH 3 months

I can proudly say I had a small hand in this, I was a member of the NRA until the Republican primary of 2016. When NRA chose to continue supporting puhssy grabbing morally bankrupt billionaire from New York as the champion of the conservative values, I stopped giving them money, and five years later: the NRA is bankrupt, sorry, not sorry! Trump destroyed the Republican party, Trump bankrupted the NRA, Trump is a republican in name only, AKA RHINO, and yes I know that's not how you spell that, I just prefer it that way. Consider this he has accomplished everything that the radical left has ever dreamed of, you know he has no moral compass, you know he's a bankrupt billionaire from New York that would sell his mother for a dirty buck, go ahead make an argument why he is not an agent of the radical left. Talk about long game for the SQUAD. He's the one that elevated their status and their following. What a genius level chess Gambit. #AOCforPresident²⁴

Björn Westman
Björn Westman 3 months

So this isn’t as many thought... AS USUAL, might I add... National Rifle Association Leaves New York for Texas by Filing for Bankruptcy BY MIMI NGUYEN LY January 15, 2021 Updated: January 15, 2021 biggersmaller Print The National Rifle Association (NRA) announced Friday that it plans to leave New York by filing for bankruptcy and reincorporating in Texas. The NRA has more than 5 million members nationwide and seeks to protect Second Amendment rights. The NRA was chartered as a nonprofit in New York in 1871 and is incorporated in the state. It is headquartered in Virginia. Going forward, the NRA said a committee will study opportunities to relocate segments of its operations to Texas and elsewhere. “Today, the NRA announced a restructuring plan that positions us for the long-term and ensures our continued success as the nation’s leading advocate for constitutional freedom—free from the toxic political environment of New York,” NRA vice president and CEO Wayne LaPierre said in a statement. “The plan can be summed up quite simply: We are DUMPING New York, and we are pursuing plans to reincorporate the NRA in Texas. … This plan represents a pathway to opportunity, growth and progress.” The Lone Star state has some 400,000 NRA members. LaPierre said the organization plans to hold its annual convention in Houston later this year. Texas Gov. Greg Abbott, a Republican, welcomed the NRA in a Twitter post. “Welcome to Texas—a state that safeguards the 2nd Amendment,” he wrote. LaPierre said that “no major changes” are expected to the organization operations or workforce. The move to Texas involved the NRA and a subsidiary filing voluntary chapter 11 petitions in the United States Bankruptcy Court for the Northern District of Texas, Dallas Division. “As you may know, chapter 11 proceedings are often utilized by businesses, nonprofits and organizations of all kinds to streamline legal and financial affairs,” LaPierre noted. The announcement comes after New York Attorney General Letitia James, a Democrat, sued the NRA in August 2020 over allegations that top executives engaged in “diversion of millions of dollars away from the charitable mission of the organization for personal use by senior leadership, 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.” The NRA said in announcing the exit from New York that the organization was “in its strongest financial condition in years.” The NRA’s bankruptcy filing listed between $100 million and $500 million in assets and between $100 million and $500 million in liabilities,” noted The Associated Press. In its filing, the NRA said that LaPierre made the decision to file for bankruptcy protection in consultation with a “special litigation committee” comprised of three NRA officials that was formed in September 2020 to oversee its legal strategies. The NRA board voted Jan. 7 to clarify LaPierre’s employment agreement, giving him the power to “reorganize or restructure the affairs” of the organization. Shortly after the NRA announcement, James said in a Twitter post that while she and her office review the organization’s bankruptcy filing, they “will not allow the @NRA to use this or any other tactic to evade accountability” or oversight. President-elect Joe Biden on Jan. 8 said he will “defeat” the NRA while he’s in office. The Associated Press contributed to this report. Follow Mimi on Twitter: @MimiNguyenLy

is it 2021 yet?
is it 2021 yet? 3 months

Maybe if their crooked leadership stopped enriching themselves and they stopped spending enourmous sums bribing...errr....lobbying they wouldn’t be in such dire straights.

Jeff
Jeff 3 months

Wow, I expected to see a bunch of trumpsters crying out their undying devotion to the NRA and calling everyone who believes otherwise treasonous, communist, Venezuela-ists! NRA hasn't been anything but a con for a very long time. Maybe there's hope some Trump worshippers can eventually identify that con too. Maybe after he's a con-vict.

Dave
Dave 3 months

Gee, what are they afraid of? Letitia James. Because you can only BS people for a while. Ask Trump.

WWIII
WWIII 3 months

Hell yeah!!! Welcome home NRA!!!

Israel
Israel 3 months

HELL YEAH!

Doug
Doug 3 months

Thanks a lot, Wayne. /s Donate to GOA and FPC.

Barry
Barry 3 months

They just can't compete with the GOA

Csaba
Csaba 3 months

Is a bailout coming???? Lol!!!

Frank
Frank 3 months

But of course they will go to a state that they think will let them break the law

Matt
Matt 3 months

It's not like they're the only 2a group in America

systematic fighter
systematic fighter 3 months

NRA is a scam just like trump is a scam. It's pretty obvious the right wings love con artists and scammer's.

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