All posts tagged: misappropriating

Former NRA CEO must pay .3 million for misappropriating the organization’s funds, court rules

Former NRA CEO must pay $4.3 million for misappropriating the organization’s funds, court rules

A New York appellate court has upheld a $4.3 million judgment against former National Rifle Association CEO Wayne LaPierre, who was found liable in a civil corruption case for misappropriating the organization’s funds. Subscribe to read this story ad-free Get unlimited access to ad-free articles and exclusive content. The five-judge panel also upheld a 10-year ban prohibiting LaPierre from serving as an officer or director of the NRA, rejecting his contention that the restriction violated his First Amendment rights. “He remains a member of the NRA and is not precluded from making any public statements or involving himself in fundraising or other outreach,” the panel said. “Neither does the monetary restitution amount constitute a fine. Instead, it serves the remedial purpose of reimbursing the NRA for the losses LaPierre caused, making it compensatory in nature.” In a statement to NBC News, Kent Correll, an attorney for LaPierre, said, “We’ve already won the most important parts of this case. We intend to seek further review, and we are confident that we’ll prevail fully in the end.” …

Malaysia’s former armed forces chief charged with abuse of power, misappropriating welfare fund

Malaysia’s former armed forces chief charged with abuse of power, misappropriating welfare fund

OFFENCES ALLEGEDLY COMMITTED IN 2024 and 2025 Nizam is accused of abusing his position to get bribes from companies supplying items for Hari Raya hampers on Jun 24, 2024. At the time, he was an assistant chief of staff in the MAF who chaired the executive committee of the Armed Forces Welfare Fund. He allegedly received a total of RM552,481.90 in bribes for appointing companies to supply items like prayer garments, folding pliers, bath towels and backpacks. If found guilty of abuse of power, he could be jailed up to 20 years and fined RM10,000, or not less than five times the amount of bribes received, whichever is higher. Also on Jun 24, 2024, Nizam allegedly used his position at the Armed Forces Welfare Fund to misappropriate RM3 million of its funds by making “additional investments” in a company named Precious Amber International Berhad without approval from the welfare fund’s investment committee. If found guilty of criminal breach of trust, he could be jailed between two and 20 years and caned, with the additional possibility of a …