“The plan can be summed up quite simply: We are DUMPING New York, and we are pursuing plans to reincorporate the NRA in Texas,” wrote NRA CEO and executive vice president Wayne LaPierre in a statement Friday announing the filing.
He added that “no major changes are expected to the NRA’s operations or workforce.”
So...yeah.
Check it out Stophel. Here's JPFOs website. Go to the upper right and enter NRA as the search term.
Lots of articles will come up that are banned from the most popular places on the interweb right now.
There are some pretty good people on the NRA Board of Directors and some that are worthless, one being from my little nearby city who tries to mimic WLP with his fancy suits and attitude. I think the NRA must be reformed from the inside by the Board. They have qualified attornies and other professionals, they just don't have the balls to do what they know must be done. I think the real reason that Pete Brownell left is because of the WLP & Friends corruption.
Like politics especially life long carreer politicians they lie and make unkept promises or compromises and have for decades.
It's long past time American gun owners finally said "enough" and moved on to a better 2nd Amendment representative organization that genuinely cares about us and our rights
Even this Dweeb understands. Why can't the current NRA members. I think it might because they are convinced that Prince Nabubo of Nigeria is their friend. They already gave $1,000 to Price Nabubo and should get $20,00O to reward their trust. Now Wayne.....I mean prince Nabubo needs just $5,000. Don't worry, you know that he will now reward you with a million!
The NRa has NEVER been there supporting your rights, but somehow they will be now. HEY, got an idea! Let's bail out the NRA SO THEY CAN KEEP DOING THIS!!! 😄😉
The NRA also claims it is in its “strongest financial condition in years”
Is it legal to file bankruptcy if you are in a strong financial position?
Do we have an attorney member here that could answer this? I don't believe a court is going to allow an organization in a strong financial condition to go into bankruptcy.
Patriotism (and religion) is the last refuge of a scoundrel.
AUSTIN, Texas — The National Rifle Association announced Friday it has filed for bankruptcy protection and will seek to incorporate the nation’s most politically influential gun-rights group in Texas instead of New York.
The announcement came months after New York’s attorney general sued the organization over claims that top executives illegally diverted tens of millions of dollars for lavish personal trips, no-show contracts for associates and other questionable expenditures.
The coronavirus pandemic has also upended the NRA, which last year laid off dozens of employees. The group canceled its national convention and scuttled fundraising. The NRA's bankruptcy filing listed between $100 million and $500 million in assets and between $100 million and $500 million in liabilities. Still, the NRA claimed in announcing the move that the organization was “in its strongest financial condition in years.”
The NRA filed for Chapter 11 bankruptcy in federal court in Dallas and said it planned to incorporate in Texas, where records show it formed a limited liability corporation, Sea Girt LLC, in November 2020. Sea Girt LLC made a separate bankruptcy filing Friday, listing fewer than $100,000 in liabilities.
In its filing, the NRA said its longtime leader, Executive Vice President Wayne LaPierre, made the decision to file for bankruptcy protection in consultation with a “special litigation committee” comprising three NRA officials that was formed in September to oversee its legal strategies. The NRA board voted Jan. 7 to clarify LaPierre's employment agreement, giving him the power to “reorganize or restructure the affairs” of the organization.
“The move will enable long-term, sustainable growth and ensure the NRA’s continued success as the nation’s leading advocate for constitutional freedom – free from the toxic political environment of New York,” the NRA said in a statement.
A message seeking comment was left with a Dallas lawyer who made the bankruptcy filings on behalf of the NRA and Sea Girt LLC.
Shortly after the announcement, New York Attorney General Letitia James said she would not allow the NRA to “evade accountability” or oversight. Her office's lawsuit last year highlighted misspending and self-dealing claims that have roiled the NRA and LaPierre in recent years— from hair and makeup for his wife to a $17 million post-employment contract for himself.
“The NRA’s claimed financial status has finally met its moral status: bankrupt," James said.
The gun-rights group boasts about 5 million members. Though headquartered in Virginia, the NRA was chartered as a nonprofit in New York in 1871 and is incorporated in the state. Going forward, the NRA said a committee will study opportunities to relocate segments of its operations to Texas and elsewhere.
The NRA's largest creditor, owed $1.2 million, is Ackerman McQueen, which is the group's former advertising agency that was behind the now-shuttered NRA TV service. The NRA sued the Oklahoma-based company in 2019, alleging it was being overbilled and said in Friday's bankruptcy filing that the debt it is owed is disputed. The lawsuit is pending. A message seeking comment was left with Ackerman McQueen.
In the New York lawsuit, Ackerman McQueen was accused of aiding lavish spending by LaPierre and other NRA executives by picking up the tab and then sending a lump sum bill to the organization for “out-of-pocket expenses."
“No financial filing can ever shroud the moral bankruptcy of Wayne LaPierre and his wife and their lap dogs on the NRA board,” said Bill Powers, an Ackerman McQueen spokesperson and former public affairs director for the NRA.
Court records also show more than $960,000 owed to Membership Marketing Partners LLC, a firm that lists its headquarters at the same address as the NRA. Another $200,000 is owed to Speedway Motorsports, the North Carolina-based company that owns and operates NASCAR tracks, according to the records.
Republican Texas Gov. Greg Abbott quickly welcomed the news, tweeting: “Welcome to Texas — a state that safeguards the 2nd Amendment.” The NRA said it has more than 400,000 members in Texas and plans to hold its annual convention in Houston later this year.
GOA all the way. No-compromising on 2A and actually trying to roll back legislation.
Yep. I'd love to support the NRA again but, at this point, they've made themselves irrelevant.
Biden's most truthful quote ever came during his first press conference, 03/25/21. Drum roll please...... "I don't know, to be clear." and THAT is one promise he's kept!!!
I see the NRA on the right is a lot like the Southern Poverty Law Center on the left.
People send big money...... for what? a big office building?
There is nothing noble in being superior to your fellow man; true nobility is being superior to your former self. -Ernest Hemingway The man who makes no mistakes does not usually make anything.-- Edward John Phelps
GOA all the way! Screw your free magazines, knifes,duffel bags etc.. After all that my yearly membership is worth what $4 bucks... Whats the cost of all the [bleep] mail sent out.. Poorly run. GOA i am very satisfied with.
Your Every Liberal vote promotes Socialism and is an attack on the Second Amendment. You will suffer the consequences.
GOA,Idaho2AIAlliance,AmericanFirearmsAssociation,IdahoTrappersAssociation,FoundationForWildlifeManagement ID and MT.
Maybe the NRA can get out those ridiculous retirements and golden parachutes schemed up by the Wayne gang. Got to hand to Wayne, he could give some of the Mid-East despots pointers on how to hang on to power. Syria's Bashar al Assad has nothing on Wayne for tenacity.
Patriotism (and religion) is the last refuge of a scoundrel.
GOA all the way! Screw your free magazines, knifes,duffel bags etc.. After all that my yearly membership is worth what $4 bucks... Whats the cost of all the [bleep] mail sent out.. Poorly run. GOA i am very satisfied with.
Evidently GOA is already under the gun by the liberal left also...
only reason people haven't heard about it then, it the NRA is on the forefront headlines..
We can thank Wayne La Pierre....
"Minus the killings, Washington has one of the lowest crime rates in the Country" Marion Barry, Mayor of Wash DC
“Owning guns is not a right. If it were a right, it would be in the Constitution.” ~Alexandria Ocasio Cortez
If the NRA was serious about protecting our firearm rights, they would have relocated somewhere very close to Washington DC. That way they could have quick access to the senators and representatives on political issues.
My guess is the move to Texas has something to do with Wayne wanting to retire there and he has enough time left with the NRA to have a free home bought for him.
Hard times create strong men. Strong men create good times. Good times create weak men. And, weak men create hard times.
No question Wayne is damaging the NRA brand. But he won't leave. For one thing, he needs the NRA's money to pay for lawsuits. Involuntaary removal requires a committee of 20 directors to vote to remove him. After that, they present their findings to the whole board, which has (I believe) 77 members. The whole board has to vote to remove.
I wish I knew an NRA director. I would like to ask someone on the board why they don't vote to remove WLP. Maybe most of the members don't feel the same way about him as we do. Maybe 24HCF is s small minority. I dunno.
Don't blame me. I voted for Trump.
Democrats would burn this country to the ground, if they could rule over the ashes.
There is a member here that is notable by his absence from this discussion. Hopefully even he is swinging over to the realization that Wayne needs to go and serious reform is the only hope.
Patriotism (and religion) is the last refuge of a scoundrel.
