Posted on 05/24/2023 2:25:51 PM PDT by grundle
Black Lives Matter is at risk of insolvency after its debt climbed to $8.5 million (£6.8million) while some employees received seven-figure salaries.
Financial disclosures revealed that the investment accounts at BLM’s Global Network Foundation (GNF) plummeted by nearly $10 million in the most recent tax year, according to The Washington Free Beacon.
In the face of mounting debt, BLM GNF continued to hire relatives and friends of its founder on seven-figure contracts, according to the accounts.
BLM co-founder Patrisse Cullors’ brother Paul launched two companies that were paid $1.8 million for providing “professional security services” to the organisation.
In addition, Mr Cullors was also employed as “head of security” at BLM with a salary of £126,000. He was hired despite not having a history of working in the field.
Tax records from 2021 also showed that BLM GNF awarded a company owned by Damon Turner, the father of Ms Cullors’ child, almost $970,000 for helping to “produce live events” and other “creative services”.
The Washington Free Beacon has reported that the group has spent two-thirds of the money it raised following the death of Mr Floyd.
Last year it emerged that around $12 million of those funds were used to purchase luxury homes in Toronto and Los Angeles.
(Excerpt) Read more at yahoo.com ...
Gee... where did all the post Floyd June-2020-fund-raised millions go to?
They gleaned all the money, bought huge mansions, and did nothing for Black people.
When WEREN’T they insolvent??
I wonder what that purpose might have been? /smirk
Couldn’t happen to more deserving people.
“People”. I use that word loosely.
Aw, that’s too bad, now the con artists may have to sell their multi million dollar homes.
BLM has DEBT??!!
How can these shake down artists have debt??!!
Let me guess, millions have gone to the leaders personal accounts.
That’s a shame. [/seinfeld].
Georgy Schwartz and his minions are too busy recruiting imbecilic candidates for DA and SoS nationwide, to bail these losers out.
Wait, where did all of their “supporters” run off to?
Where are all of the celebrities, journalists, fake media and the rest of the phonies?
What did they do with the money they extorted from guilty Whiteys?
Just remember this...
One way or the other, BLM’s money issues are somehow someway gonna be spun as being the fault of Whitey!
paid themselves
uh oh
blm is out of money
countdown to the next george floyd
maybe they will burn and loot in the name of reparations
And professional wrestling still has a huge fan base to this day and always will.
It's no different for race hustlers.
Just demand a clean debt ceiling.
Wait until these dummies get their African Slave checks from the San Fernascan Liberal White Supremacists. They’ll pee through them like crap through a goose.
To dnc 2020/2022 coffers
“Where did all the money go?”
Left-wing scam: BLM donations
Right-wing scam: ‘Stop the Steal’ donations
More here:
https://freerepublic.com/focus/f-news/4155569/posts
https://freerepublic.com/focus/f-news/4155623/posts
😂👍
Luxury homes and lavish spending?
You just got to love the irony involved here. The key irony is that these women who started Black Lives Matter are self described trained Marxists. Yet these avowed communists love all the luxury provided by an evil capitalist system.
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