A major donor to the National Rifle Association is poised to challenge key aspects of the gun group’s bankruptcy filing, in an attempt to hold executives accountable for allegedly having defrauded their members of millions of dollars to support their own lavish lifestyles.
If successful, it could stop top NRA executives discharging a substantial portion of the organisation’s debts.
NRA files for bankruptcy and seeks to incorporate in Texas Read more.
The law stipulates that debts acquired through malfeasance can be deemed by the court to be an exception to bankruptcy arrangements.
The NRA is pursuing reincorporating in a state that values the contributions of the NRA.”.
The New York attorney general has also vowed to fight to stop NRA leaders escaping the legal consequences of their actions.
“We will not allow the NRA to use this or any other tactic to evade accountability and my office’s oversight,” James said after the bankruptcy filing was announced. »