NEW: Jury Finds NRA, LaPierre Liable for Mismanagement

After five days of deliberations, a jury in New York on Friday held the National Rifle Association liable for financial mismanagement and found that Wayne LaPierre, the group's former CEO, corruptly ran the nation’s most prominent gun rights group.

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The jury determined that LaPierre’s violation of his duties cost the NRA $5,400,000, though he already repaid roughly $1.5 million to the organization. ...

The lawsuit alleged that LaPierre filled executive positions at the NRA with unqualified loyalists in order to maintain control and conceal self-dealing, including co-defendants John Frazer, general counsel, and Woody Phillips, the former chief financial officer, the attorney general's lawsuit said. The three of them stand accused of breaching the trust of donors by using charitable money for luxury travel, private planes and five-star hotels, along with entering into multimillion-dollar contracts with favored vendors willing to pay.

Ed Morrissey

I've only followed this from a distance, so be sure to check in at Bearing Arms for deeper analysis of this verdict and its implications. I'm sure Cam Edwards and I will discuss this at length in our next VIP Gold chat next Wednesday. 

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