[BREAKING] NRA Files for Bankruptcy
The National Rifle Association thought they would be able to get away with a sneaky announcement on Friday since the country was still so focused on the fallout from last week’s insurrection at the Capitol. Wrongly believing Americans can only focus on one domestic terrorist group at a time, the NRA quietly posted a press release on their website to announce they are “leaving New York to Reincorporate in Texas”.
In shorter terms, it means the NRA has declared bankruptcy and has to start all over again from the ground up.
Last year, New York Attorney General Letitia James announced that the state was seeking to dissolve the NRA in a lawsuit that accused the organization’s leadership of diverting millions for their own personal use, resulting in a $64 million loss to the organization.
“The move will enable long-term, sustainable growth and ensure the NRA’s continued success as the nation’s leading advocate for constitutional freedom – free from the toxic political environment of New York,” the release reads in part. “The NRA plan, which involves utilizing the protection of the bankruptcy court, has the Association dumping New York and organizing its legal and regulatory matters in an efficient forum. The move comes at a time when the NRA is in its strongest financial condition in years.”
Reuters: NATIONAL RIFLE ASSOCIATION SAYS IT HAS FILED PETITION IN COURT FOR BANKRUPTCY
— Kyle Griffin (@kylegriffin1) January 15, 2021
Usually, groups in strong financial condition don’t have to seek the protection of the bankruptcy court, but no one expects full transparency from an organization with ties to Russian-funneled donations, spies, and other shady dealings that go all the way to the White House. Amid its struggles to stay afloat, it was even suggested that Donald Trump, Jr., take over for NRA CEO and Executive Vice President Wayne LaPierre.
Twitter gleefully embraced the news of the NRA’s bankruptcy on Friday, especially those who have made stricter gun regulations their life’s mission in the wake of too many tragic shootings.
When Jaime died I said "I want to break the fucking gun lobby."
THE NRA IS BANKRUPT!!!https://t.co/jb7ykn95vc
— Fred Guttenberg (@fred_guttenberg) January 15, 2021
BREAKING: On a Friday evening, the NRA tries to bury announcement that it has FILED FOR BANKRUPTCY!!! https://t.co/3hDsRpngoV
— Shannon Watts (@shannonrwatts) January 15, 2021
BREAKING: The NRA has been out of touch with the American people for decades, and now they’re out of money, too.
They’re filing for bankruptcy in a desperate attempt to escape legal culpability for years of financial mismanagement and illegal self dealinghttps://t.co/edWYkJNsno
— Moms Demand Action (@MomsDemand) January 15, 2021
This is not the end of the NRA but it’s a step closer!
— David Hogg 📢 (@davidhogg111) January 15, 2021
[This is a developing story, please check back for updates]