Powerful US weapons lobby filed for bankruptcy


WASHINGTON, DC, January 15 (OEM-AFP) - The powerful "lobby" or U.S. arms lobby, the National Rifle Association (NRA), announced Friday that it had filed for bankruptcy to freeze legal proceedings in New York State.

The NRA and one of its affiliates have opened so-called "Chapter 11" procedures in texas bankruptcy court to secure their future "free from New York's toxic political environment," his influential boss Wayne LaPierre wrote in a letter to its members.

The state of New York had filed a complaint in August against the NRA, LaPierre himself and three other senior leaders, accused of having used the contributions of their members as "their own company."

New York Attorney General Letitia James, a Democrat, denied any political motivation, though she acknowledged that the complaint could lead to the dissolution of the NRA.

"The financial statement declared by the NRA has finally joined its moral state: bankrupt," he said following the announcement of the restructuring plan. "We will not allow the NRA to use this or any other tactic to escape its responsibilities," James added.

For decades, the lobby has defended the views of millions of gun owners in the United States, strongly opposing any regulation of that market.

Its influence is considerable and the organization spares no expense to support candidates defending the same positions in local and national elections.

The application of Chapter 11 in the United States results in a suspension of claims and prevents creditors from taking steps to obtain payment of their debts.

"No major changes are planned in operations and staff," said Wayne LaPierre. "The NRA is not bankrupt, not for its activities and is not insolvent," he continued.

Founded in 1871 to promote weapons skills, the small association of athletes and hunters has become a formidable political machine since the 1980s, and its influence far exceeds the 5 million members it claims.

The NRA invested, for example, millions of dollars in Donald Trump's two presidential campaigns.

In 2019 LaPierre managed to scare away rivals trying to end his 30-year reign, without avoiding a shameful revelation.

Internal media documents revealed LaPierre's expensive lifestyle, with luxury clothing and trips to the Bahamas or Italy paid for by the NRA through financial arrangements validated by domestic partners, which together with other practices cost $64 million in losses in three years.

The NRA's aura has also resented the rise of shootings in the United States. The weapons killed more than43,000 people by 2020, including suicides, according to the Gun Violence file.


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