NRA's ex-CFO agreed to 10-year not-for-profit ban, still owes $2M for role in lavish spending scheme
The National Rifle Association’s former finance czar agreed to a decade-long ban from managing money for New York not-for-profits after a jury found him liable in a scheme to have the influential gun rights organization bankroll a longtime chief executive’s extravagant lifestyle
NEW YORK (AP) — The National Rifle Association’s former finance czar, Wilson “Woody” Phillips, has been banned for a decade from managing money for any nonprofit company in New York, the state’s attorney general said Tuesday.
Phillips agreed to the ban in May, three months after a jury found him liable in a scheme to have the influential gun rights organization bankroll the extravagant lifestyle of the NRA’s longtime chief executive, Wayne LaPierre. Details of the settlement were not made public until Tuesday.
Under the agreement, Phillips is banned for 10 years from serving as a fiduciary of a not-for-profit organization in New York and must receive training before returning to any such position. He is still on the hook for $2 million in damages to the NRA for his role in concealing and enabling LaPierre’s lavish spending on things like exotic getaways and trips on private planes and superyachts.
The settlement means that Phillips, now retired, won’t have to participate in next week’s second phase of a trial in New York Attorney General Letitia James’ civil lawsuit against the NRA and former top executives.
