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The New York Attorney General's Office is set to make a major announcement today. The likely target isn't Trump -- it's the @NRA. (Thread)
NY AG has been investigating the NRA for the past year, looking into allegations of fraud, misuse of member funds, and improper insider deals. Allegations emerged out of the messy divorce between the NRA & its longtime ad agency, Ackerman McQueen.
Allegations include Wayne LaPierre, who already makes more than $2 million per year (as the head of a nonprofit!), spending lavishly on travel and clothes, including shopping trips to Zenga in Beverly Hills where he reportedly spent hundreds of thousands of dollars.
The NRA's problem isn't just LaPierre's spending. Many directors have received sweetheart deals -- such as huge consulting contracts and lecture fees -- and not all the deals followed New York's strict nonprofit law's requirements.
NY Atty Gen has jurisdiction over the NRA because it is a nonprofit corporation formed (in 1871) in NY and remains chartered there.
NY could seek to remove officers and directors, such as LaPierre; seek restitution for improper spending; or even dissolve the NRA entirely.
Press reports suggest NY could seek to strip the NRA of its tax-exempt status but that's not quite right. NY law defers to federal govt's (IRS's) determination of tax-exempt status.
Of course, if the NRA is dissolved, there will be nothing left to be tax-exempt.
Don't underestimate the NY Atty Gen in its effort to put the NRA out of business. Just recently, the NY Atty Gen forced Trump's charitable foundation to dissolve and distribute all its assets. If NY can bring down Trump's foundation, it can bring down the NRA.
