Former NRA Chief Financial Officer (CFO) Wilson “Woody” Phillips has agreed to a deal banning him from serving as a fiduciary of a nonprofit in New York for 10 years. The deal also requires the now retired executive to undergo training should he return to the sector.

A jury this past February found Phillips, 75, liable for violating his duties in managing the NRA and its financial affairs and ordered him to pay $2 million in damages. A second phase of the trial, which was set to begin on July 15, was going to determine whether Phillips should be barred from re-election or appointment as an NRA officer or director, or from serving as a fiduciary in any other New York state nonprofit corporation.

The agreement keeps the jury’s verdict against Phillips intact, including the monetary damages he must pay, and removes him from the second, remedial phase of the trial against the NRA, Wayne LaPierre, and John Frazer, who were senior executives of the NRA until recently. The second phase of the trial against the NRA, LaPierre, and Frazer is set to begin on July 15 before Justice Joel Cohen, sitting without a jury, to determine non-monetary relief.

“New Yorkers deserve to know that when they support a not-for-profit, those donations are being used to advance its mission, not squandered on lavish perks for staff or cronies,” said Attorney General James via a statement. “For decades, Wilson Phillips oversaw and allowed financial mismanagement and corruption at the NRA, and that is why the jury found him, the NRA, and his co-defendants, senior executives Wayne LaPierre and John Frazer, liable for their misconduct. Today’s agreement should serve as an example that my office will hold anyone, and everyone, involved in abusing their power or misappropriating funds accountable.”

James filed a lawsuit against the NRA and the other current and former senior officers in August 2020. On the eve of the trial, Wayne LaPierre stepped down as executive vice president and CEO of the NRA, a role he held for more than 30 years. The jury found all of the defendants — the NRA, LaPierre, Phillips, and Frazer — liable for violating New York not-for-profit laws. Phillips was found liable for failing to uphold his duties as a nonprofit executive and ordered to pay $2 million in damages. The jury also concluded that LaPierre abused his position, violated his duties to the NRA, and caused $5.4 million in financial harm to the NRA. He was ordered to pay $4.35 million to the NRA after crediting payments he made in advance of the trial.

The post Former NRA Exec Barred From Nonprofits appeared first on The NonProfit Times.

Source From Non Profit Times