New York Attorney General Letitia James (D) on Thursday announced a lawsuit that seeks to dissolve the National Rifle Association (NRA), alleging the powerful pro-gun interest group violated corporate laws resulting in a loss of more than $64 million over three years.
The 169-page civil suit follows an 18-month fraud investigation by James’s office. The lawsuit alleges that the NRA and four of its top officials diverted millions of dollars away from its charitable mission and instituted “a culture of self-dealing, mismanagement and negligent oversight.”
“As today’s complaints lays out, we found that the NRA … fostered a culture of noncompliance and disregard for internal controls that led to the waste and loss of millions of assets and contributed to the NRA’s current deteriorated financial state,” James said during a press conference. Continue reading.