- During their bankruptcy proceedings Tuesday, the National Rifle Association (NRA) claimed that if a trustee is appointed to oversee the funds during the bankruptcy proceedings, it will destroy the NRA, according to the Washington Post.
- In court this week, the organization said that “bankruptcy protection … is necessary in the face of what they describe as a politically motivated investigation by the state of New York.” They said they had to file for “Chapter 11 bankruptcy and plans to move to Texas because of the existential threat presented by the New York attorney general’s suit.”
- Under Wayne LaPierre’s leadership, the organization spent millions of funds on his personal needs, along with lavish vacations and travel along with private air flights. “A trustee is, in fact, a death sentence,” said NRA lawyer Greg Garman, claiming it would prevent LaPierre from raising money.
See full story here.
Categories: Business, Government, Politics
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