NY AG Accuses NRA Of “Massive Fraud”, Seeks To “Dismantle” Guns-Rights Organization

Via ZeroHedge

Update (1235ET): Just as we anticipated…Trump has spoken out to slam the lawsuit as “a terrible thing”.

  • Trump: New York Lawsuit Against NRA ‘A Terrible Thing’
  • Trump: NRA Should Move to Texas
  • Trump: NRA Has Been ‘Decimated’ by Costly Legal Actions

* * *

Update (1140ET): James is starting off the hearing by detailing a state lawsuit against the NRA and seeking the dissolution of the pro-second amendment organization, one of several subjects she was expected to address today.

James alleges the the organization violated non-profit laws by diverting “millions of dollars away from the charitable mission of the organization for personal use by senior leadership,” who awarded contracts that benefited friends and family. That would be a slam-dunk if she were going after politicians. But at a non-profit, things are more blurry.

BBG published an update on the lawsuit almost immediately, suggesting that the financial news organization – owned by a former mayor of NYC – had the story under embargo ahead of time. Here’s a snippet from their reporting, which accuses NRA of “massive fraud”.

New York is seeking to dissolve the National Rifle Associationas the state attorney general accused the gun rights group and four senior officials of engaging in a massive fraud against donors.

A sprawling lawsuit filed Thursday in state court in Manhattan alleges the NRA diverted charitable donations for years to enrich the organization’s top executives in violation of laws governing nonprofits, New York Attorney General Letitia James said in a statement. The state is also demanding millions of dollars in restitution and penalties.

The case may pose one of the biggest legal threats the NRA has faced since its founding in New York in 1871. The turmoil began with a power struggle last year between former NRA president Oliver North and longtime leader Wayne LaPierre, which led to allegations of self dealing. A subsequent state probe found wrongdoing blamed for more than $64 million in losses in the last three years alone, James said.

“The NRA’s influence has been so powerful that the organization went unchecked for decades while top executives funneled millions into their own pockets,” James, a Democrat, said in the statement. “The NRA is fraught with fraud and abuse.”

For those who aren’t familiar, this is the culmination of what Trump once called “an illegal investigation” by Cuomo and the AG, which stems from a power struggle that rocked the NRA last year.

The news sent shares of gun makers lower.

The NRA must “get its act together quickly, stop the internal fighting, & get back to GREATNESS – FAST!” Trump tweeted at the time.

We imagine he’ll be chiming in on Twitter about this new lawsuit any minute now.

* * *

New York Attorney General Letitia James is delivering a press briefing on Thursday where it’s widely suspected that she will share “bombshell” allegations about President Trump and his finances, after subpoenaing documents from Deutsche Bank.

In recent days, stories about DB scrutinizing Trump’s former banker, and the Manhattan AG subpoenaing the bank over records pertaining to Trump, have stoked suspicions that something “big” might be coming.

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15 Comments
Glock-N-Load
Glock-N-Load
August 6, 2020 1:43 pm

The leadership of the NRA must be dumber than fuck. Why else would you stay in NY all these years. Their museum and gun range are right here in Northern Va. for God’s sake.

Articles of Confederation
Articles of Confederation
  Glock-N-Load
August 6, 2020 5:03 pm

They’re being frozen in place, just like most Republicans. The very system they autistically try to hold in place is being leveraged against them.

They should make it interesting. Hire all of the fired and demoralized cops to defend their property, refuse to acknowledge the New York legal system, and tell them to come on down and enforce it.

At this point in the nation’s history, WTF do they have to lose?

Glock-N-Load
Glock-N-Load
  Articles of Confederation
August 6, 2020 6:03 pm

Shit man, I love that idea.

Glock-N-Load
Glock-N-Load
August 6, 2020 1:50 pm
Lee Harvey Griswald
Lee Harvey Griswald
August 6, 2020 2:00 pm

Neal Knox is smiling in his grave.

Anonymous1
Anonymous1
August 6, 2020 2:23 pm

Letitia , Tanisha, Moesha, What a bunch of gibberish.
These are code words for “affirmative action idiots”

why doesn’t she go sue the Clinton Global Initiative, for it’s crimes against humanity.
Go sue the Open Society Foundations, for supporting the Burn Loot Murder organization.

MarshRabbit
MarshRabbit
  Anonymous1
August 6, 2020 2:28 pm

“affirmative action idiots”

New York AG is an elected position

BUCKHED/BUY MORE AMMO
BUCKHED/BUY MORE AMMO
  MarshRabbit
August 6, 2020 2:42 pm

Same difference Marsh

TN Patriot
TN Patriot
  MarshRabbit
August 6, 2020 5:41 pm

How do you think she got into law school? Some much smarter Oriental kid got passed over so she could get the slot.

Bilco
Bilco
  MarshRabbit
August 6, 2020 6:47 pm

As a life long (way upstate) NY resident.It bothered me for a long time as to why one of the original 13 colonies could end up to be nearly a communist state. We up here are never going change it.There are just too many non thinking idiots in NYC and Albany. As this state heads down the toilet.They still don’t get it. Must stay the course of their agenda. Yes there are those here that will say I should just get out of NY. The Adirondacks are nothing like or think like the idiots that run this state. It is night and day.

Auntie Kriest
Auntie Kriest
August 6, 2020 2:26 pm

Why does firearms manufacturer Kimber continue to stay in NY?

Living and working under an increasingly totalitarian political environment and all the while paying very high taxes for that “privilege” and, in doing so, supporting communists and sympathizers who would love to see the company be defunded, dismantled and disappeared.

This makes no sense. At all. Just like about everything in contemporary USSA.

Botclan
Botclan
  Auntie Kriest
August 6, 2020 6:45 pm

I believe kimber is moving from Yonkers to Wyoming or someplace west

SeeBee
SeeBee
August 6, 2020 2:29 pm

Most of the firearms in NY are “illegal” so…..ta ta.

Anonymous
Anonymous
August 6, 2020 2:30 pm

Are we enjoying PEAK CLOWNWORLD running concurrently w/SUMMER OF RAGE yet??

Here’s a recent article from the too close to truth to really be satire site BB:

Seattle Disbands Police, Replaces With New Organization ‘People Offering Little Insulation from Community Evils,’ Or P.O.L.I.C.E. For Short

TN Patriot
TN Patriot
August 6, 2020 5:38 pm

When will she look into the 100’s of millions diverted by The Clinton Cash Laundry?
I have no use for LaPierre or the NRA, but they are pikers when it comes to syphoning money from a non-profit.