Wednesday, May 12, 2021

Time to Get Tough on Crime


The NRA has burned over $100 million dollars on a bad faith defense of decades-long frauds, including top management and key board members skimming off over $60 million dollars for personal gain between 2017 and 2020 alone.

The entire organization has been a shrill fear factory since the late 1970s, and all the dirty laundry (and crime) is now about to come out, as the NRA has lost their phony bankruptcy ploy.

I expect a settlement, at some point, will include scores of millions of dollars clawed back from Wayne LaPierre and a half dozen others, a decades-long outside monitor agreement, and corporate governance reforms that will require open contracts and approval of new people in top management positions.

The NRA started as a gun safety organization, but was transformed, in the late 1970s, by the advent of computers which fueled the rise of the economic larceny that is direct mail. These same computers and polarizing direct mail lists helped catapult the Humane Society of the US and the ASPCA, both of which were forced to pay millions of dollars in order to avoid RICO (racketeering and organized crime) charges involving their direct mail operations.

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