NY Attorney General Moves To Dissolve The NRA After Fraud Investigation

Like I said, criminals. Illegal acts by executives can get a charity disbanded in any state in the US.

 

I will want to see the NRA's response to the charges, once they are brought out in public with detail.

As always, if anyone breaks the law, they should be charged with crimes, tried, and IF they are found guilty, punished.

I will withhold judgement on ALL of this until we see what Letitia James has for charges and evidence. Then, I want to see what the NRA has for rebuttal.

Instead of rushing to conclusions, a sober, thorough examination of the case is REQUIRED before anyone makes any pronouncements.

 

If the NRA could separate from these guys that would be the way to go. However it looks like the 4 control the NRA and are going to use all of the resources for their legal defense.

 

You have it upside down, the board controls the NRA and decides what will be done and how much they will pay for the service, LaPierre works for the board, not the other way around and if they wanted him gone, he would have been gone a long time ago.

But they want him around because he has the ability to get things the NRA wants to see happen on the Hill passed, he's in tight with too many politicians to be let go.

 

So I guess the NRA were right after all? I think this will be a huge backfire, at a time of record gun purchases this will actually bolster the NRA?

 

It's late in an election year, the timing suggests nothing more than agitprop of the legal theater variety. Boring, 23% score on Rotten Tomatoes, avoid, not worth the ticket price.

 

Not so fast...

The embattled National Rifle Association reported some good news to its supporters earlier this year: Revenue from membership dues jumped 33 percent last year to $170 million.

But that picture — outlined in its 2018 annual report circulated to supporters and analyzed by Bloomberg News — may not be as rosy as those numbers suggest, as factors other than growing member rolls may have contributed to the revenue increase.

For one thing, the NRA increased annual dues twice in two years. The group also booked much of the revenue from multiyear memberships in the first year, according to financial statements. Such an accounting tactic is permissible, but it leaves open the possibility that receipts could fall if multiyear membership numbers don’t keep pace.

“The NRA is increasingly reliant on selling long-term memberships” and counting much of the revenue the first year, said Brian Mittendorf, an Ohio State University accounting professor who has looked closely at the NRA’s finances. “A very conservative approach with a five-year membership would be to record one-fifth in the current year and defer the rest.”

An NRA spokesman, Andrew Arulanandam, said it was more effective to secure long-term memberships than to pursue renewals year after year. “Simultaneously, longer-term commitments also provide the member with significant savings over annual renewals,” he said.

Arulanandam didn’t respond to detailed queries about the NRA’s membership and accounting practices.​

https://www.accountingtoday.com/articles/the-nra-uses-creative-accounting-to-post-surge-in-revenue

And about the auditor:

Deloitte LLP was fined 4.3 million pounds ($5.4 million) for its failure to properly audit the accounts of a unit of Serco Group Plc in the latest case of a Big Four firm being sanctioned for its accounting shortcomings.

Deloitte will also pay 300,000 pounds toward the costs of the investigation and has arranged to send all its audit staff on training program to improve behavior related to its “misconduct,” the U.K.’s Financial Reporting Council said.

Deloitte and audit engagement partner Helen George, who was fined 97,500 pounds, “failed to act in accordance with the fundamental principle of professional competence and due care,” the FRC said in a statement Thursday. The fines for Deloitte and George were both were reduced after their admission of misconduct.

Serco Group Plc agreed to pay 19.2 million pounds this week to settle a six-year fraud probe into false accounting, that dates back to 2013 when U.K. regulators began looking into how its Serco Geografix unit overcharged for electronic tagging services of criminals, including some who had died.​

https://www.accountingtoday.com/articles/deloitte-fined-54m-over-serco-group-audit-failings

You should heed the old proverb: "Lie with dog, get up with flea."

 

That's a rather complex legal process, dissolving a corporation with assets, liabilities and a large number of employees and stockholders/members Franky, in this case: a claim of management stealing, ain't going to even make it past the first hearing IMO. One would have to suggest the corp's establishment was to further a criminal enterprise and that it's sole purpose was criminal.

Meaningless political signaling.

 

Nothing to see here, membership is rising and dues are going up, that's two good things.
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That's all you can find after a few hundred million audits worldwide, you are really grasping at straws, but I guess when the facts are not on your side you will take any crumbs you can sweep up. ​

You should heed the old proverb "lie like a dog, get up a liberal gun hater."

 

Oh, please.



Tens of millions of Americans say otherwise.

 

I guess you missed it:

"For one thing, the NRA increased annual dues twice in two years. The group also booked much of the revenue from multiyear memberships in the first year, according to financial statements. Such an accounting tactic is permissible, but it leaves open the possibility that receipts could fall if multiyear membership numbers don’t keep pace."​

So, you don't deal with what I presented from Accounting Today, but instead launch a personal attack. Hmm. Maybe you don't know much about accounting.

 

Says the guy who passes judgment on anyone who doesn't care for Trump at the drop of a hat.

 

I didn't realize that hollywood actors and professional athletes got their money from membership fees and donations..

 

I missed nothing, you do seem to have a bit of a comprehension problem though, membership is up, if it keeps pace is a totally different matter, what is factual is every time there is talk of gun control membership like gun sales rises . ​

I never launched a personal attack, I merely pointed out you don't seem to understand what you posted and how it relates or doesn't relate to the subject at hand.

A personal attack would be something like calling another member an idiot, which I don't do.

You get it now?

 

Having been founded there doesn't necessarily provide standing. But forgetting that, it would be appropriate to let the leadership face its consequences. They should be fired at least and probably sued for any money they misappropriated if they are actually guilty. But the organization has done nothing that deserves dissolution. This will blow over on Nov. 4. It is just politics and, in my view, politics at its worst. Using the judicial system to gain political goals is as bad as it gets in terms of corruption.

 

Corruption bought and paid for by the party of corruption, the Democrats.

 

Brought by one democrat at least. It is more corrupt than NRA management could ever have been.

 

That's what I think, too.

We're just at the beginning of the scandal. And the pro-guns forget that if justice was interested in the NRA case, it's because he probably had a whistle-blower inside.

 

NRA management may be inept at times, but they are not corrupt.

And lets face it getting gun owners to follow a single plan is like herding cats, they for the most part think very independently and are not prone to think-alike, which is good, but makes organizing them tougher to do.

On the upside and it's very heartening is seeing the number of women joining our ranks, while they seem to be more of the same mind thought thenmen, buying guns for self defense only, it none the less is a good trend and hopefully they decide to get into management of the local NRA chapters and eventually onto the BOD.

I have also seen a lot of them becoming instructors and are in demand right now, it has been well know in the training world that women prefer to be trained by other women and men are the same way, it is not a sexiest thing it's interrelational.

 

No what happened was they where infiltrated by people supported by Everytown who got their hands on expense reports and leaked them to Everytown who as expected took the information out of context and pushed it out using their news channel and from there the lie took on a life of it's own fueled by even more antigunners and as with all rumor based reports with each passing of the story it became more embellished with lies.

The end goal being bankrupt the NRA, but it is backfiring which I find somewhat humorous, they set out to wreck an organization and in the end they made it larger and stronger and more of a threat to the antigunners.

And then having the NRA backed by Trump really got them pissed off, which is part of this last gasp pre-election attack.

 

And I understand there are no criminal charges here. This DA just wants to get rid of the NRA.

 

It always ends up being a conspiracy.

 

It's not a conspiracy, those are the facts that where discovered when this was investigated last year.

 

She is on the record stating such.

 

If the DA can file no criminal charges should she use her government power to force the NRA to disband?