How NRA Arrived At Chapter 11 Bankruptcy Today In NY
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National Rifle Association (NRA) filed for Chapter 11 bankruptcy in New York on Friday, January 15, 2021, with plans to regroup in Texas, due to opposition in New York, in the video “National Rifle Association Files Bankruptcy, Citing New York Politics“, below:
To better understand what led to the perfect storm for NRA’s current position, let’s take a look at these videos below:
The NRA is mired in controversy. With about 5 million members as of July 2019, the NRA is one of the most powerful special interest groups in the U.S. But, claims of financial wrong doing have led to multiple investigations in Congress and in New York State that are threatening the groups survival. And, while the group did have some money problems in the past, 2016 proved to be a devastating blow to its finances. The NRA reported a staggering $46 million loss, in the video “How The NRA Ended Up On The Verge Of Bankruptcy“, below:
The National Rifle Association had long been known as one of the most powerful lobbying groups in America. But at the peak of its power, this well-funded ally of the Republican Party has found itself besieged by scandal and legal challenges that could permanently change how it operates, in the video “How the NRA Shot Itself in the Foot“, below:
For years, the NRA wielded its political power to dominate America’s conversation about gun rights and gun control — but students who survived the Parkland mass shooting have helped usher in a new era in which the NRA is facing challenges on all sides, in the video “How a Group of High School Students Put the NRA in the Hot Seat, “NRA Under Fire”, FRONTLINE“, below:
New York Attorney General Letitia James has filed a lawsuit seeking to dissolve the National Rifle Association, claiming it undercut its non-profit status by allowing executives to use its treasury as a “personal piggy bank.” The attorney general is accusing four current or former executives of the NRA, the nation’s most vocal and potent gun lobby, of diverting tens of millions of dollars for private jets, luxury gifts and no-show contracts for former employees. Here’s what you need to know, in the video “Lawsuit Alleges Politically Powerful NRA Executives Spent Members’ Money On Luxury, MSNBC“, below:
Gathered, written, and posted by Windermere Sun-Susan Sun Nunamaker More about the community at www.WindermereSun.com
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