While the left is celebrating the NRA’s latest bankruptcy, it appears that this move is a genius plan to ensure they stick around for decades.
Apparently the NRA filed bankruptcy to escape the toxic political environment of New York and seek a safer haven for themselves in Texas.
If they had stayed in NY, the attorney general there would’ve reportedly used the full extent of his power to take down the NRA.
Kind of amazing watching libs take a victory lap as the NRA files for “bankruptcy” not realizing that they did so to reincorporate in Texas so New York’s attorney general couldn’t take them down.
They are too stupid to realize they just got outmaneuvered by the NRA.
— Caleb Hull (I'm With the CCP Don't Ban Me) (@CalebJHull) January 15, 2021
— NRA (@NRA) January 16, 2021
The National Rifle Association has filed for bankruptcy, and plans to ditch what CEO Wayne LaPierre described as “the toxic political environment of New York” and move its headquarters to Texas.
“The plan can be summed up quite simply: We are DUMPING New York, and we are pursuing plans to reincorporate the NRA in Texas,” LaPierre wrote in a letter to members.
The gun rights group has faced legal issues in New York in recent years. Attorney General Letitia James sought in court to have the organization dissolved over allegations of financial fraud.
“The NRA’s claimed financial status has finally met its moral status: bankrupt,” James said in a statement Friday. “While we review this filing, we will not allow the NRA to use this or any other tactic to evade accountability and my office’s oversight.”
James sued the NRA, LaPierre, and three other current and former executives in August for allegedly losing $64 million of the nonprofit’s funds.
The NRA filed a countersuit, accusing James of targeting it for its political positions and violating its rights to free speech as a nonprofit.
This was indeed a brilliant move by the NRA to ensure their livelihood.
Texas couldn’t be a more perfect place for their organization!
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