NRA Going Bankrupt, Corruption, RussiaGate, Trump and Racism – Veterans Today

 

Guardian: After spending over $30m of laundered Russian cash to help elect Donald Trump in 2016, the National Rifle Association faces a deepening financial crisis with over 200 staff layoffs and furloughs in 2020, according to three NRA sources, gun analysts and documents.

The drop in revenues accelerated in 2019 when several large NRA donors began a drive to oust LaPierre over allegations of mismanagement and self-dealing, and to promote reforms. The website helpsavethenra.com, which is headlined “Retire LaPierre”, boasted in December that $165m in donations and planned gifts had been withheld.

The donor revolt has been spurred in part by several reports of lavish personal spending by LaPierre. The Wall Street Journal revealed last year that according to the NRA’s former ad firm Ackerman McQueen, which has been in legal battles with the NRA and LaPierre, he took about $240,000 worth of trips to Italy, Hungary, the Bahamas and other locales that were charged to the ad firm. The Journal reported that the ad firm had paid for about $200,000 in expensive suits for LaPierre, including some from a Beverly Hills boutique.

LaPierre’s yearly salary in 2018 was close to $2m.

Two attorneys general in New York and DC have reportedly been investigating whether the NRA abused its non-profit tax-exempt status in different ways such as improperly transferring funds from an NRA Foundation to the NRA.

Further, the AGs are said to be examining the allegations of self-dealing by NRA leaders, including financial transactions involving LaPierre, the NRA and the former ad firm.

If the AGs bring charges, the NRA could lose its coveted non-profit status in New York, where it has long been chartered.  read more…

https://www.theguardian.com/us-news/2020/jun/29/nra-financial-crisis-layoffs-furloughs

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