NEW YORK, Aug. 6 (Xinhua) -- New York Attorney General Letitia James on Thursday filed a lawsuit seeking to dissolve the National Rifle Association (NRA) following an 18-month investigation that found evidence the powerful gun rights group is "fraught with fraud and abuse."
The lawsuit filed in New York state court alleges the NRA and four of its top executives mismanaged funds and violated state and federal laws, resulting in the loss of more than 64 million U.S. dollars for the organization over a three-year period.
"The NRA's influence has been so powerful that the organization went unchecked for decades while top executives funneled millions into their own pockets," said James. "The NRA is fraught with fraud and abuse, which is why, today, we seek to dissolve the NRA, because no organization is above the law."
In the complaint, James laid out dozens of examples where the four individual defendants failed to fulfill their fiduciary duty to the NRA and used millions upon millions from NRA reserves for personal use, including trips for them and their families to the Bahamas, private jets, expensive meals, and other private travel.
The suit is the culmination of an investigation James' office launched in early 2019. In addition to dissolving the NRA, James is seeking to recoup the millions of dollars in lost assets. The complaint will also be forwarded to the Internal Revenue Service, James said.