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jimmy the one

(2,742 posts)
5. New Yorker nra expose'
Fri Apr 26, 2019, 08:17 AM
Apr 2019

april 18, 2019 development regarding the new yorker's expose' regarding nra (Nutty Rightwingers, Armed):

april 2019:NEW YORK – .. in response to an article published by The New Yorker, in conjunction with The Trace, detailing how “a small group of N.R.A. executives, contractors, and vendors has extracted hundreds of millions of dollars from the nonprofit’s budget,” Everytown for Gun Safety has filed a complaint about the NRA’s tax-exempt status with the IRS, and is calling for federal and state investigations into the NRA’s operation as a charity.

Today’s call and IRS complaint are based on the available evidence, including:
1 Payments and other financial arrangements with executives and insiders at the NRA that resulted in millions of proceeds going to these executives and insiders;
2 Evidence that NRA employees and officers, including NRA President Oliver North, are paid by outside entities – such as public relations firms and insurance companies;
3 The revelation that the NRA Board of Directors Audit Committee “retroactively signed off on at least some of the NRA’s problematic [financial] transactions.”
4 Documentation reviewed by the New Yorker, which was purportedly prepared ahead of an emergency meeting of the NRA Board of Directors Audit Committee in July 2018 to discuss “whistleblowing reports,” listed concerns including, “NRA pays overbilled, deceptive, vague invoices to ‘preferred’ vendors and contractors” and “decisions are made in the best interests of vendors.”
5 Revelations that NRA Executive Vice President Wayne LaPierre has an arrangement that – “provides for consulting services and personal appearances upon the end of his employment, at an annual rate that starts at his currently contracted final base salary and is later reduced” — effectively serving as a salary for life.
6 .. the NRA’s most recent public disclosures, for 2017, revealed the NRA Foundation gave a $5 million loan to the NRA. The New Yorker article indicated that a financial “audit from 2017 revealed that [the NRA] had nearly reached the limit of a twenty-five-million-dollar line of credit”
and the NRA was forced to “borrow almost four million from its officers’ life insurance policies….


Excuse me a moment, I'm having a sudden attack of schadenfreude. Jammerschaden too.

7 Mounting evidence that the NRA engages in political activity outside of its stated purpose as a charity focused on U.S. gun rights. These efforts reportedly occur in political systems from Russia to Australia and other points in between... ??? East to west or west to east?
https://everytown.org/press/everytown-files-complaint-about-nras-tax-exempt-status-with-irs-calls-for-federal-and-state-investigations-into-the-nra/

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