We’ve covered this before (see links below). Short summary: in 2018, a plan was hatched between Ackerman McQueen and the LaPierres, to use NRA money to buy a $6 million Dallas mansion for the LaPierres. It would probably be a retirement home, since it was about a thousand miles from his office at NRA headquarters. It’d be a nice, 10,000 square foot mansion; here’s some pics.
The home, on the edge of a country club golf course, would be owned by a newly-created company, “WBB Investments, LLC.” (An LLC is a simplified corporation). That was a Delaware LLC, Delaware being a state where you can create an LLC without any of the creators’ names being on file.
Why create an LLC to own just one house? So it could have “Investments” in its name, be carried on the NRA books hidden as one more investment. The board and members would never know.
We’ve done more investigation, and the story is a more complex than that. This affidavit, from Ackerman McQueen’s treasurer, says that WBB Investments was owned 99% by NRA and 1% by “DJ Investments, LLC,” which would have managed the property (and since it was a 10,000 square foot house management would have been profitable). DJ Investments turns out to be owned by the Angus McQueen family trust, and his son Revan McQueen.
In this blog post, we suggested that the deal might have violated the laws against use of the mails and wires in a fraudulent scheme; the house might have been carried on the NRA books and tax reports as an investment, $6 million invested in “WBB Investments,” which would have hidden its existence from the NRA board, the IRS, and NRA members who looked at the corporation’s Form 990. We suggested the same here. Now we’ve found more evidence, strong evidence, that this was the plan.
The deal was started with a $70,000 NRA check for “earnest money” on the purchase, sent to WBB Investments. As a result of the bankruptcy filing, we can see the invoice that led to the check being written, and it says the money is for “investment in security assets.” Yes, it was to be hidden as an investment. $6 million in members’ money, a non-profit’s money, diverted to personal luxury and no one the wiser.