NY attorney general seeks to dissolve NRA

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NY attorney general seeks to dissolve NRA
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BREAKING: New York attorney general sues to dissolve the National Rifle Association, saying its leaders exploited the company for personal gain.

The Washington, D.C., attorney general has been investigating the NRA Foundation for more than a year. It said its investigation determined that low membership and lavish spending left the NRA with financial problems and so it exploited the foundation to remain afloat. It offered as an example two $5 million loans that the NRA Foundation board approved in 2017 and 2018 despite the NRA’s financial problems, and then repeatedly granted requests to extend and modify the loan.

The lawsuit said LaPierre, 70, spent millions of the NRA’s dollars on travel consultants, including luxury black car services, and hundreds of thousands of dollars on private jet flights for himself and his family, including more than $500,000 on eight trips to the Bahamas over a three-year span. Frazer, the corporate secretary and general counsel, is accused of aiding the alleged misconduct by certifying false or misleading annual regulatory filings, failing to comply with governance procedures, failing to enforce a conflict of interest policy, and failing to ensure that board members were reviewing transactions or that the the organization was following the law.

The lawsuit comes at a time when the NRA is trying to remain relevant and a force in the 2020 presidential election as it seeks to help President Donald Trump secure a second term.

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