1. Welcome! Please take a few seconds to create your free account to post threads, make some friends, remove a few ads while surfing and much more. ClutchFans has been bringing fans together to talk Houston Sports since 1996. Join us!

Is the NRA in financial trouble?

Discussion in 'BBS Hangout: Debate & Discussion' started by Carl Herrera, Aug 3, 2018.

  1. NewRoxFan

    NewRoxFan Contributing Member

    Joined:
    Feb 22, 2002
    Messages:
    54,405
    Likes Received:
    54,297
    nra cancelling its nra-tv and spokeswoman dana loesch...

     
  2. superfob

    superfob Mommy WOW! I'm a Big Kid now.

    Joined:
    May 5, 2006
    Messages:
    2,025
    Likes Received:
    1,281
    How long before she's hired on to Fox or Blaze?
     
  3. Buck Turgidson

    Joined:
    Feb 14, 2002
    Messages:
    85,590
    Likes Received:
    83,938
  4. NewRoxFan

    NewRoxFan Contributing Member

    Joined:
    Feb 22, 2002
    Messages:
    54,405
    Likes Received:
    54,297
  5. NewRoxFan

    NewRoxFan Contributing Member

    Joined:
    Feb 22, 2002
    Messages:
    54,405
    Likes Received:
    54,297
    Apparently the nra's problem isn't its own financial issues nor leadership squabbling but rather the NY state attorney general has been going after them...

     
  6. J.R.

    J.R. Member

    Joined:
    Jun 30, 2008
    Messages:
    107,342
    Likes Received:
    156,158
  7. larsv8

    larsv8 Contributing Member

    Joined:
    Nov 11, 2007
    Messages:
    21,663
    Likes Received:
    13,914
    Dayumn New York pushing to dissolve the NRA.
     
    RayRay10 likes this.
  8. Carl Herrera

    Carl Herrera Contributing Member

    Joined:
    Feb 16, 2007
    Messages:
    45,153
    Likes Received:
    21,570
  9. Dubious

    Dubious Contributing Member

    Joined:
    Jun 18, 2001
    Messages:
    18,316
    Likes Received:
    5,088
    New York Attorney General Moves To Dissolve The NRA After Fraud Investigation

    https://www.npr.org/2020/08/06/8997...tigation?utm_medium=RSS&utm_campaign=national

    The Attorney General of New York took action today to dissolve the National Rifle Association, following an 18-month investigation that found evidence the powerful gun rights group is "fraught with fraud and abuse."

    Attorney General Letitia James claims in a lawsuit filed Thursday that she found financial misconduct in the millions of dollars, and that it contributed to a loss of more than $64 million over a three year period.

    The suit alleges that top NRA executives misused charitable funds for personal gain, awarded contracts to friends and family members, and provided contracts to former employees to ensure loyalty.

    Seeking to dissolve the NRA is the most aggressive sanction James could have sought against the not-for-profit organization, which James has jurisdiction over because it is registered in New York. James has a wide range of authorities relating to nonprofits in the state, including the authority to force organizations to cease operations or dissolve. The NRA is all but certain to contest it.

    NPR has reached out to the NRA for comment, but has not received a response.


    [​IMG]
    INVESTIGATIONS
    Secret Recording Reveals NRA's Legal Troubles Have Cost The Organization $100 Million
    [​IMG]
    POLITICS

    NRA Was 'Foreign Asset' To Russia Ahead of 2016, New Senate Report Reveals
    James' complaint names the National Rifle Association as a whole, but also names four current and former NRA executives: Executive Vice President Wayne LaPierre, general counsel John Frazer, former CFO Woody Phillips, and former chief of staff Joshua Powell.

    It lists dozens of examples of alleged financial malfeasance, including the use of NRA funds for vacations, private jets, and expensive meals. In a statement, her office said that the charitable organization's executives "instituted a culture of self-dealing, mismanagement and negligent oversight" that contributed to "the waste and loss of millions in assets."

    The lawsuit seeks to dissolve the NRA in its entirety and asks the court to order LaPierre and other current and former executives to pay back unlawful profits. It also seeks to remove LaPierre and Frazer from the organization's leadership and prevent the four named individuals from ever serving again on the board of a charity in New York.

    Allegations against CEO Wayne LaPierre

    LaPierre, who also serves as CEO, has held the top position at the organization for nearly 30 years. In the Attorney General's lawsuit he is accused of using charitable funds for personal gain, including a post-employment contract valued at more than $17 million that was not approved by the NRA's board of directors.

    The lawsuit also claims that LaPierre received more than $1.2 million in expense reimbursements over four years, including gifts for friends, travel expenses and memberships at golf clubs and hotels.

    And it alleges that he spent hundreds of thousands of dollars on private plane trips, including for extended family when he was not present; traveled to Africa with his wife on a safari gifted by an NRA vendor, and spent more than $3.6 million on luxury black car services and travel consultants in the last two years.

    Those that attempted to blow the whistle on this behavior, the suit claims, were retaliated against by LaPierre.

    Allegations against former CFO Woody Phillips, former chief of staff Joshua Powell and general counsel John Frazer

    James' lawsuit alleges that Phillips, whose job it was to manage the financial operations of the charitable organization, lied on financial disclosure forms and set up numerous deals to enrich himself and his girlfriend.

    The New York Attorney General claims that Phillips set up a contract for himself just before he retired, and that the package was worth $1.8 million — purportedly for consulting services to the incoming treasurer. But the incoming treasurer told the New York attorney general that he was not aware of this contract. Phillips also directed a deal worth more than $1 million to his girlfriend, the suit alleges.

    Meanwhile, James alleges that former NRA chief of staff Joshua Powell's salary more than tripled a little more than two years into his tenure, which began in 2016. While he began at $250,000, Powell's salary rose to $800,000.

    Powell is also accused of directing charitable funds to be used for the benefit of his family members. The New York Attorney General said that Powell approved of a $5 million consulting contract with the firm McKenna & Associates. That firm, in turn, hired Powell's wife and passed her $30,000 monthly consulting fee through the NRA. Powell also arranged for an NRA vendor to hire his father as a paid photographer, leading to $90,000 in fees for his father — funds that were ultimately billed to the NRA.

    The New York Attorney General did not allege that NRA general counsel John Frazer committed financial misconduct, but said that he failed to comply with board governance procedures, failed to ensure the NRA was in compliance with whistleblower laws and repeatedly certified false or misleading annual statements by the NRA.

    The NRA's already precarious financial situation

    James' lawsuit is sure to be contested in court by the National Rifle Association.

    But even before this move, the NRA was in dire financial straits. A secret recording of an NRA board meeting obtained by NPR in April showed LaPierre telling the audience that the NRA's legal troubles have cost the organization $100 million.

    "The cost that we bore was probably about a hundred-million-dollar hit in lost revenue and real cost to this association in 2018 and 2019," LaPierre said, according to a tape recorded by a source in the room. "I mean, that's huge."

    Much of this has to do with its legal troubles. Facing Congressional inquiries and investigations by multiple state attorneys general, as well as internal whistleblower complaints, the NRA's finances have sagged under the burden of legal costs. In the ongoing litigation between the NRA and Ackerman McQueen, its former public relations firm, a brief filed by the firm on April 15 indicates its belief that the NRA has paid its outside legal counsel "over $54 million" in the last two years.

    The turmoil at the NRA also could have political ramifications ahead of the 2020 elections. The NRA spent tens of millions of dollars in 2016 to support then-candidate Donald Trump — a role it appears it will be unlikely to be able to repeat given its current financial condition.
     
    quikkag, KingCheetah and RayRay10 like this.
  10. Dubious

    Dubious Contributing Member

    Joined:
    Jun 18, 2001
    Messages:
    18,316
    Likes Received:
    5,088
    Conservatives in America = Grifters and their Rubes
     
    RayRay10 likes this.
  11. NewRoxFan

    NewRoxFan Contributing Member

    Joined:
    Feb 22, 2002
    Messages:
    54,405
    Likes Received:
    54,297
    RayRay10 likes this.
  12. JuanValdez

    JuanValdez Contributing Member

    Joined:
    Feb 14, 1999
    Messages:
    34,114
    Likes Received:
    13,517
    Why seek dissolution? Sounds like they might want to go after the executives. But, to try to shut down the NRA entirely makes it look very political and not about corruption at all.
     
    JumpMan and RayRay10 like this.
  13. Carl Herrera

    Carl Herrera Contributing Member

    Joined:
    Feb 16, 2007
    Messages:
    45,153
    Likes Received:
    21,570
    I wonder if the NRA types here even care about the grift.
     
    RayRay10 likes this.
  14. Carl Herrera

    Carl Herrera Contributing Member

    Joined:
    Feb 16, 2007
    Messages:
    45,153
    Likes Received:
    21,570
    Maybe because the NRA as an organization has been cheating NY state of tax money?
     
    RayRay10 likes this.
  15. Invisible Fan

    Invisible Fan Contributing Member

    Joined:
    Dec 5, 2001
    Messages:
    43,362
    Likes Received:
    25,369
    I wonder why ny didn't do this sooner.

    Maybe all them Wall Street bribes won't let them see the trees in the forest and only political motivation can get them to move an inch.

    Still waiting for charges against the 08 bankers and financial parasites...
     
    RayRay10 likes this.
  16. NewRoxFan

    NewRoxFan Contributing Member

    Joined:
    Feb 22, 2002
    Messages:
    54,405
    Likes Received:
    54,297
    DC state attorney piles on...

     
    quikkag and RayRay10 like this.
  17. JuanValdez

    JuanValdez Contributing Member

    Joined:
    Feb 14, 1999
    Messages:
    34,114
    Likes Received:
    13,517
    They can win a monetary settlement and leave the organization intact. They'd be likelier to actually collect that way too.

    You know how this will go. Conservatives will say the AG is trying to silence conservative voices. Trump will say the Democrats are attacking our Second Amendment right by taking down its leading champion. He'll say they are trying to hamstring the nonprofit's ability to support him during the presidential election. And I wouldn't be able to say they're wrong either. I'm sure there are angles of the legal landscape and strategy that I'm completely ignorant of. But politically, to announce ahead of the election you're trying to shutter the NRA altogether looks foolhardy and counterproductive to me. They'll make a martyr of the NRA.
     
    JumpMan and RayRay10 like this.
  18. Carl Herrera

    Carl Herrera Contributing Member

    Joined:
    Feb 16, 2007
    Messages:
    45,153
    Likes Received:
    21,570
    If the NRA is more broke than Tilman, though...
     
    quikkag and RayRay10 like this.
  19. rocketsjudoka

    rocketsjudoka Contributing Member
    Supporting Member

    Joined:
    Jul 24, 2007
    Messages:
    54,036
    Likes Received:
    42,024
    I've had this argument with extreme Trump supporters / TEA Party that they are getting conned and that they've allowed themselves to get conned. A worldview that views things primarily as us vs them and that any reflection or reconsideration of your views and your leaders is a recipe to get conned and/or sucked into a personality cult.

    I honestly feel bad for many of these people as most of the ones I know personally aren't bad people but they have bought into this idea that they are victims and they don't pledge their full support including monetarily their way of life will be destroyed.
     
    quikkag and RayRay10 like this.
  20. rocketsjudoka

    rocketsjudoka Contributing Member
    Supporting Member

    Joined:
    Jul 24, 2007
    Messages:
    54,036
    Likes Received:
    42,024
    I'm convinced this is very much political but that doesn't mean there isn't a reason to go after the NRA for defrauding it's donor's. This sounds a lot like the arguments against impeachment. Yes there is a risk of turning your target into a martyr but you have to weigh that against the question of serving justice.
     
    RayRay10 likes this.

Share This Page

  • About ClutchFans

    Since 1996, ClutchFans has been loud and proud covering the Houston Rockets, helping set an industry standard for team fan sites. The forums have been a home for Houston sports fans as well as basketball fanatics around the globe.

  • Support ClutchFans!

    If you find that ClutchFans is a valuable resource for you, please consider becoming a Supporting Member. Supporting Members can upload photos and attachments directly to their posts, customize their user title and more. Gold Supporters see zero ads!


    Upgrade Now