In a recent revelation presented before a New York jury, the National Rifle Association’s (NRA) former CFO, Woody Phillips, shared that he was paid $30,000 per month after his retirement for consultation services offered to the NRA. The information was delivered during Phillips’s testimony, who served as the NRA’s CFO from 1992 to 2018.
Phillips explained that his five-year consulting contract obliged him to work on relationships with major donors in collaboration with former colleagues. However, he admitted to not having frequent communications with his successor or the NRA’s CEO, Wayne LaPierre, in certain months.
The State of New York is alleging that the NRA has misused millions of dollars worth of donations, and this trial forms a part of this suit. It is noteworthy that Phillips, along with LaPierre, is one of the four defendants in this ongoing case.
Uncertainties surrounding the trial abound, making the anticipation high within legal circles. For more details on this ongoing case, please refer to the full article
here.
With the trial expected to last eight weeks, the allegations made against the defendants, involving the misuse of donations, will likely draw significant attention from both business and legal communities worldwide.