Index Investing News
Friday, November 21, 2025
No Result
View All Result
  • Login
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion
No Result
View All Result
Index Investing News
No Result
View All Result

‘King of the NRA’ Wayne LaPierre’s lavish spending at center of New York civil trial

by Index Investing News
January 9, 2024
in Financial
Reading Time: 4 mins read
A A
0
Home Financial
Share on FacebookShare on Twitter

The longtime head of National Rifle Association operated as the “King of the NRA,” spending lavishly on himself, punishing dissent and showering allies with country club memberships and no-show contracts, a lawyer for the New York attorney general’s office told jurors Monday.

Wayne LaPierre’s methods as the NRA’s executive vice president and chief executive officer allowed him to operate the powerful gun rights organization “as Wayne’s World for decades,” Assistant Attorney General Monica Connell argued in an opening statement in a civil trial scrutinizing his leadership and spending at the nonprofit.

LaPierre, who said Friday he is leaving the NRA after leading it since 1991, watched stoically from a seat along a courtroom wall as six jurors and six alternates were seated for the trial, which is expected to take six weeks. He moved to the front of the gallery as Connell spoke, her argument augmented by a slideshow showing the NRA’s leadership structure and expenses at issue in the case.

Connell said LaPierre charged the organization more than $11 million for private jet flights over the years and authorized $135 million in NRA contracts for a vendor whose owners provided him repeated access to a 108-foot (33-meter) yacht and free trips to the Bahamas, Greece, Dubai and India.

At the same time, LaPierre, 74, consolidated power and avoided scrutiny by hiring unqualified underlings who looked the other way, routing expenses through a vendor, doctoring invoices, and retaliating against board members and executives who questioned his spending, Connell said.

In one example, Connell said, the NRA’s former chief financial officer, Craig Spray, found himself unable to log into the organization’s computer system after he objected to LaPierre’s way of doing business. In a November 2020 email to organization brass, Spray took issue with the boss’ authoritarian rule, writing: “There are no ‘Wayne said’ approvals at the NRA.”

LaPierre kept quiet about gifts he received from vendors until the morning he testified in the NRA’s failed bankruptcy in Texas in 2021, Connell said. For years before that, she said, he’d been checking “no” on an internal disclosure form that asked if he’d received any gifts worth more than $300.

LaPierre’s actions and that of the “entrenched leadership” that enabled his alleged behavior “breached the trust” of the organization’s five million members, Connell said. Their conduct violated laws governing nonprofit charities and the organization’s internal policies governing travel, expenses, conflicts of interest and whistleblower protections, she said.

“They acted illegally over and over again for years,” Connell told jurors.

New York Attorney General Letitia James sued the NRA, LaPierre and three current or former executives in 2020, alleging they cost the organization tens of millions of dollars from questionable expenditures. In recent years, though, the organization has been beset by financial troubles, dwindling membership and infighting.

LaPierre is accused of setting himself up with a $17 million contract with the NRA if he were to exit the organization, and spending NRA money on travel consultants, luxury car services and five-star travel.

Defense lawyers are expected to give their opening statements Tuesday. LaPierre has defended himself in the past, testifying in another proceeding that his yacht trips were a “security retreat” because he was facing threats after mass shootings.

The other defendants, NRA general counsel John Frazer and retired CFO Wilson Phillips, have denied wrongdoing. Another ex-NRA executive turned whistleblower, Joshua Powell, settled with James’ office on Friday. He has agreed to testify at the trial, pay the NRA $100,000 and forgo further nonprofit involvement.

One private jet flight, from Washington, D.C. to Dallas, Texas, with a stop in Nebraska to pick up LaPierre’s niece, cost the NRA $59,000, Cornell said. Another, with a Nebraska pitstop on the way to Orlando, Florida, cost the organization $79,000, Cornell said. An NRA policy shown in court said the organization only reimburses for coach-class airline flights. A commercial flight on the same routes would’ve run no more than a few hundred dollars per person, listings show.

James, a Democrat, is the state’s chief law enforcement officer and has regulatory power over nonprofit organizations incorporated in the state, such as the NRA. James initially sought to shut the organization down, but a judge rejected that as a remedy.

Now, James is asking that LaPierre and the other defendants be ordered to pay the NRA back and that they be banned from serving in leadership positions of any charitable organizations conducting business in the state — such as accepting donations from New Yorkers or having state residents as members. That would effectively bar them from any NRA involvement.

The NRA trial is being held in the same Manhattan courtroom as former President Donald Trump’s civil fraud trial. Closing arguments in that case are scheduled for Thursday, forcing the NRA trial to relocate to a different courtroom for a few days.

LaPierre said he would resign at the end of the month. The NRA said he was exiting for health reasons. NRA lawyers argued in a court filing over the weekend that LaPierre’s departure is an example of “clear corrective action” taken by the organization, but state lawyers disputed that.

The NRA was chartered as a nonprofit in New York in 1871 by Union Army officers who wanted to improve marksmanship among soldiers after the Civil War. Some of the organization’s earliest meetings were at an armory about 1.5 miles (2.4 kilometers) north of the courthouse where the trial is being held.

LaPierre is expected to testify, possibly as early as this week, along with one of his chief nemeses: former NRA board member and president Lt. Col. Oliver North.

A major signal of internal strife roiling the NRA burst onto the public scene in 2019, when North tried to oust LaPierre with damaging allegations about travel expenses and accusations that LaPierre had charged tens of thousands of dollars in wardrobe purchases to his expense account.

LaPierre complained that North had “started to interfere” with his leadership and, with allies among most of the organization’s 76 board members, won the struggle. North was ousted instead.

Subscribe to the CFO Daily newsletter to keep up with the trends, issues, and executives shaping corporate finance. Sign up for free.



Source link

Tags: centercivilKingLaPierresLavishNRASpendingTrialWayneYork
ShareTweetShareShare
Previous Post

Key political figures during the 80s-90s, and where they are now

Next Post

PayPal earns 3rd downgrade in 2024 as Morgan Stanley cuts rating on slow progress By Investing.com

Related Posts

Nilfisk Holding A/S 2025 Q3 – Outcomes – Earnings Name Presentation (OTCMKTS:NLFKF) 2025-11-20

Nilfisk Holding A/S 2025 Q3 – Outcomes – Earnings Name Presentation (OTCMKTS:NLFKF) 2025-11-20

by Index Investing News
November 20, 2025
0

This text was written byObserveSearching for Alpha's transcripts crew is accountable for the event of all of our transcript-related initiatives....

Israel’s economic system grew at 12.4% in Q3

Israel’s economic system grew at 12.4% in Q3

by Index Investing News
November 16, 2025
0

GDP development recovered strongly within the third quarter of 2025, after the economic system contracted in the course of the...

Rs 3,000 SIP Vs Rs 3 Lakh Lump Sum: Which One Is Higher?

Rs 3,000 SIP Vs Rs 3 Lakh Lump Sum: Which One Is Higher?

by Index Investing News
November 12, 2025
0

Placing Rs 3 lakh into the market abruptly exposes your whole funding to present market traits. If the market occurs...

India clinch T20I sequence in opposition to Australia as rain washes out fifth T20I

India clinch T20I sequence in opposition to Australia as rain washes out fifth T20I

by Index Investing News
November 8, 2025
0

Brisbane: India's Abhishek Sharma completes a run through the fifth T20I cricket match of a sequence between India and Australia,...

ACI Worldwide expands with Cost Elements takeover

ACI Worldwide expands with Cost Elements takeover

by Index Investing News
November 4, 2025
0

ACI Worldwide has accomplished the acquisition of Cost Elements, a Greek-based fintech specialising in AI-driven monetary messaging and open banking...

Next Post
PayPal earns 3rd downgrade in 2024 as Morgan Stanley cuts rating on slow progress By Investing.com

PayPal earns 3rd downgrade in 2024 as Morgan Stanley cuts rating on slow progress By Investing.com

Analyst Predicts 2 Scenarios For Price Beforehand

Analyst Predicts 2 Scenarios For Price Beforehand

RECOMMENDED

Just Listed | 5382 Sea Biscuit Road

Just Listed | 5382 Sea Biscuit Road

December 29, 2023
Trump’s financial coverage concepts might deal the US economic system a extreme blow

Trump’s financial coverage concepts might deal the US economic system a extreme blow

October 4, 2024
Is Liverpool vs Newcastle on TV? Kick-off time, channel and how to watch the Premier League fixture

Is Liverpool vs Newcastle on TV? Kick-off time, channel and how to watch the Premier League fixture

January 1, 2024
Where Is Kate Middleton Now? Inside Her Absence – Hollywood Life

Where Is Kate Middleton Now? Inside Her Absence – Hollywood Life

March 17, 2024
Company biggies take part to elevate India’s fortunes in Paris Olympics

Company biggies take part to elevate India’s fortunes in Paris Olympics

July 31, 2024
Janet Yellen says reducing carbon emissions is ‘best financial alternative’

Janet Yellen says reducing carbon emissions is ‘best financial alternative’

July 28, 2024
Assault Harvard to make America grate by itself nerves once more

Assault Harvard to make America grate by itself nerves once more

September 1, 2025
Passive investing motion will get its Hollywood second

Passive investing motion will get its Hollywood second

March 7, 2025
Index Investing News

Get the latest news and follow the coverage of Investing, World News, Stocks, Market Analysis, Business & Financial News, and more from the top trusted sources.

  • 1717575246.7
  • Browse the latest news about investing and more
  • Contact us
  • Cookie Privacy Policy
  • Disclaimer
  • DMCA
  • Privacy Policy
  • Terms and Conditions
  • xtw18387b488

Copyright © 2022 - Index Investing News.
Index Investing News is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion

Copyright © 2022 - Index Investing News.
Index Investing News is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In