NY attorney general investigating NRA's finances, tax exempt status of its charitable foundation

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NY attorney general investigating NRA's finances, tax exempt status of its charitable foundation
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New York's Letitia James previously vowed to 'use the constitutional power as an attorney general to regulate charities, that includes the NRA, to investigate their legitimacy.'

The finances of the National Rifle Association and its charitable foundation are under investigation by New York Attorney General Letitia James, amid allegations of internal extortion that caused NRA President Oliver North to announce he will not serve a second term.

New York Attorney General Letitia James , New York Census Director Julie Menin and ACLU's Director of the Voting Project Dale Ho answer questions outside the U.S. Supreme Court after the court heard oral arguments in the Commerce vs. New York case April 23 in Washington, D.C. Win McNamee/Getty Images

Everytown for Gun Safety, a gun control group, earlier this month filed an official complaint with the IRS about the NRA, according to The Hill. It called for an investigation into whether the gun rights group had violated tax laws dealing with charitable organizations.

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