The NRA is not just a terrorist organization. Not just a front for pro-Russian anti-American interests. It is, at it's core, a giant ATM for one extremely douchie dude - Wayne Lapierre. A THREAD.
On May 11, 2021, the Bankruptcy Court for the Northern District of Texas dismissed the NRA's petition for bankruptcy. I haven't read it yet, so I'll tweet as I go. I do have a pre-existing concept of the NRA's massive grift, however.
If you want to read the decision yourself, it is embedded in this article: washingtonpost.com/context/federa…
The Court throws a bone to the NRA in the first paragraph, calling it "dedicated to the rights of Americans to safely use firearms." That's the last compliment, however, and almost feels ironic.
The Court recites the history of the NY Complaint: 1) NRA receives notice that it's under investigation; 2) NRA hires counsel and CFO to investigate whether it is within NY non-profit law. Instead of immediately cleaning up, NRA files suit against NY, the Governor and the AG
In July, 2018, whistleblowers come forward to say that Senior (LaPierreists) Management have conflicts of interest; override internal spending controls; favor vendors over the NRA (see add thread above); make improper expense reimbursements; and enter into improper vehicle leases
The biggest vendor issue is with Ackerman McQueen, and results in 3 cases in Virginia and one federal Court in Texas. AMcQ and LaPierre having been robbing the NRA (and it's members) blind for DECADES.
LaPierre has a small circle of minions who help with the grift - named in the NY AG's suit against it.
The core grifters chase out all honest people; intimidate where they can and generally operate the NRA is their little private fiefdom.
The NY AG's complaint asked that LaPierre and chief minion Frazer be banned for life, and sought to claw back fraudulent payments to LaPierre and his minions.
In a beautiful piece of tease, the Court notes that the NRA formed a committee to analyze the NYAG's complaint and to consider whether LaPierre had a conflict, and also gave LaPierre some weired powers to reorganize. You can guess what happened next.
I wanted to follow the decision, but I had to skip ahead because I know this from press reports. LaPierre - the Vice President - DID NOT CONSULT THE BOARD OR GET PERMISSION FROM THE PRESIDENT - he alone decided to file for bankruptcy in TX.
You don't have to know too much about corporate form and organization to know it is highly unusual for the Vice President to decide to file for bankruptcy in a distant state, without board or Pres approval, while under investigation by a special committee for violating corp norms
If you dig this kind of thing - I always appreciate a follow. I try to give thoughtful commentary on legal issues. You can also follow my band and songwriting account @dirkandthetruth
After LaPierre decided to file bankruptcy on his own sole authority ... the NRA and it's counsel then went on a long, detailed and deeply stupid effort to create a non-LaPierre reason ... the Court didn't buy it - rightly deciding it was to avoid the NYAG's oversight authority.
The Court found that the bankruptcy filing was a bad faith effort to avoid NY's inherent authority to DISSOLVE the NRA. (The NRA was formed under NY law, and exists only because NY allows it to)
The Court specifically found that using bankruptcy to avoid being DISSOLVED under NY law is not lawful.
BOTTOM LINE: Wayne LaPierre filed a bad faith bankruptcy in TX to avoid having the NRA disolved in NY. AND HE LOST LIKE THE LOSER HE IS.
Wayne LaPierre, you have been adjudged a shocking cheat and liar @TrueFactsStated
AND A WARNING: LaPierre is a PoS, but all y'all stink like a pig sty. Don't tempt me MFers.
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