NRA Files for Bankruptcy

Saturday, January 16, 2021

The National Rifle Association unveiled a "new strategic plan" on Friday that involves restructuring from a New York nonprofit to a Texas nonprofit and filing for bankruptcy amid legal and financial woes.

Posted by gracieamazed at 10:31 AM | 19 COMMENTS | permalink | Comment on This Entry |

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Yeah they need to move to a state where law enforcement won't care that they're a russian espionage operation to take down america.

#1 | Posted by SpeakSoftly at 2021-01-15 06:15 PM | Reply | Newsworthy 1

www.npr.org
NRA Was 'Foreign Asset' To Russia Ahead of 2016, New Senate Report Reveals

www.politico.com
NRA got more money from Russia-linked sources than earlier reported

#2 | Posted by SpeakSoftly at 2021-01-15 06:16 PM | Reply | Newsworthy 3

NRA declares bankruptcy, says it will reincorporate in Texas
www.axios.com

...The National Rifle Association said Friday it has filed for Chapter 11 bankruptcy and will seek to reincorporate in Texas, calling New York, where it is currently registered, a "toxic political environment."

The big picture: The move comes just months after New York Attorney General Letitia James filed a lawsuit to dissolve the NRA, alleging the group committed fraud by diverting roughly $64 million in charitable donations over three years to support reckless spending by its executives....

#3 | Posted by LampLighter at 2021-01-15 07:07 PM | Reply

BANG BANG BANG BANG

(Deep in the heart of Texas)

#4 | Posted by snoofy at 2021-01-15 09:22 PM | Reply

alleging the group committed fraud by diverting roughly $64 million in charitable donations over three years to support reckless spending by its executives....

So just running from the law like Lewzer & Kin.

#5 | Posted by REDIAL at 2021-01-15 09:37 PM | Reply

Labor is cheap and plentiful. No unions to speak of.

#6 | Posted by madscientist at 2021-01-16 09:18 AM | Reply

Labor is cheap and plentiful. No unions to speak of.

#6 | POSTED BY MADSCIENTIST

And a bunch of traitor conservatives trying to destroy our democracy and the ideals this country was founded on. Perfect place for the NRA.

#7 | Posted by gtbritishskull at 2021-01-16 10:41 AM | Reply

Cracking open the Dom Perignon. Losers.

#8 | Posted by CrisisStills at 2021-01-16 10:43 AM | Reply

The NRA needs to be shrunk down to the size where we can drown it in a bathtub.

#9 | Posted by a_monson at 2021-01-16 11:03 AM | Reply

Texas is closed. Texas is not immune from the Trumpy terrorists.

The Texas Department of Public Safety closed the state Capitol and surrounding grounds Wednesday after supporters of President Donald Trump stormed the U.S. Capitol in Washington, D.C., during the certification of President-elect Joe Biden's victory.

An official with the law enforcement agency confirmed the move in a statement to The Texas Tribune.

"The Capitol and its Capitol Complex are closed to the public effective immediately," the agency said in a statement attributed to Freeman Martin, its deputy director of homeland security operations.

www.texastribune.org

#10 | Posted by donnerboy at 2021-01-16 12:24 PM | Reply

NY AG James @NewYorkStateAG

The @NRA's claimed financial status has finally met its moral status: bankrupt.

While we review its bankruptcy filing, we will not allow the @NRA to use this or any other tactic to evade accountability and my office's oversight.
4:52 PM Jan 15, 2021

#11 | Posted by Gal_Tuesday at 2021-01-16 12:36 PM | Reply

But somehow, I suspect Wayne LaPierre is not bankrupt nor any other of the highly paid executives who have taken huge salaries from the idiotic rubes who pay their membership dues.
They should all know that intelligent people in this country laugh at them and at the same time despise them.

I wonder, how many of the crazy insurrectionists who desecrated our Capital are also members of the NRA?

#12 | Posted by danni at 2021-01-16 01:49 PM | Reply

I suspect Wayne LaPierre is not bankrupt nor any other of the highly paid executives...

I suspect you are correct.

In her suit, James alleges the NRA and four senior officials diverted about $64 million over three years for their own personal use, including trips to the Bahamas and Africa and the use of private jets and yachts. The suit specifically names longtime Chief Executive Wayne LaPierre and general counsel John Frazer, among others.

www.law.com

Rubes indeed.

#13 | Posted by REDIAL at 2021-01-16 02:16 PM | Reply

Texas welcomes the NRA, to a state that havens rogue urgent care centers, vaping stores and title loan shops everywhere, all unregulated by that mean ol' guv'ment.

#14 | Posted by e1g1 at 2021-01-16 02:37 PM | Reply

Goatman approves (RIP)

#15 | Posted by ClownShack at 2021-01-16 02:41 PM | Reply

Goatman approves (RIP)
#15 | POSTED BY CLOWNSHACK AT 2021-01-16 02:41 PM

There's a goat maaaaaan waiting in the sty
He'd like to trend on Twitter but instead he's banned for life
There's a goat maaaaan looks about to cry
His Facebook has been closed and now the snowflakes start to fly
Let the Russians pay
For the NRA
Their safe space is a jail cell

#16 | Posted by redlightrobot at 2021-01-16 05:27 PM | Reply

^ This!
Btw, what got ol' goat-troll banned for good? Without him, the way would not have been paved for other fake know-it-alls like Sniper, Humtake and Boaz.

#17 | Posted by e1g1 at 2021-01-17 11:19 AM | Reply

I suspect they'll be missing the Chihuly glasswork, Andalusian Amontillado sherry, and the Coulibiac Of Salmon at the Blue Fox.

#18 | Posted by madscientist at 2021-01-18 06:03 AM | Reply

Not to mention to be unable to hear the Vissa d'Arte Aria in Tosca by Puccini or get their hands on a bottle of Cotes du Rhone Chateauneuf-du-Pape 1947.

Texas is Mexican food and Bud Light country. Better get used to it. Oh, yeah, and it's hot as hell from April till October. Expect $300 electric bills from June to September.
And property taxes that'll make you say, "What the f--k?" And the new municipalities' scheme to generate more money by raising the water bill from $33/month to $140+/month.

I don't know how people live on social security and can pay these exorbitant rates. And most of them have other family members living with them or they'd be on the street.

When they say, "Everything's bigger in Texas", they aren't kidding.

#19 | Posted by madscientist at 2021-01-18 07:38 AM | Reply