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Black Lives Matter at risk of insolvency as debt soars
Telegraph via Yahoo ^ | May 24, 2023 | Verity Bowman

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 ...


TOPICS: Miscellaneous
KEYWORDS: bkmk
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1 posted on 05/24/2023 2:25:51 PM PDT by grundle
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To: grundle

Gee... where did all the post Floyd June-2020-fund-raised millions go to?


2 posted on 05/24/2023 2:27:16 PM PDT by Conservat1
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To: grundle

They gleaned all the money, bought huge mansions, and did nothing for Black people.


3 posted on 05/24/2023 2:27:40 PM PDT by realcleanguy (quickly things are falling apart, now that the )
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To: grundle

When WEREN’T they insolvent??


4 posted on 05/24/2023 2:28:17 PM PDT by CMailBag
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To: grundle
They were initially propped up by massive corporate donations. So they must have served their real purpose and are no longer needed.

I wonder what that purpose might have been? /smirk

5 posted on 05/24/2023 2:31:58 PM PDT by Salman (It's not a slippery slope if it was part of the program all along. )
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To: grundle

Couldn’t happen to more deserving people.

“People”. I use that word loosely.


6 posted on 05/24/2023 2:32:35 PM PDT by BBQToadRibs2
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To: Conservat1

Aw, that’s too bad, now the con artists may have to sell their multi million dollar homes.


7 posted on 05/24/2023 2:34:41 PM PDT by chopperk
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To: grundle

BLM has DEBT??!!
How can these shake down artists have debt??!!
Let me guess, millions have gone to the leaders personal accounts.


8 posted on 05/24/2023 2:42:48 PM PDT by HereInTheHeartland (Have you seen Joe Biden's picture on a milk carton?)
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To: grundle

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.


9 posted on 05/24/2023 2:43:29 PM PDT by rfp1234 (E Porcibus Unum )
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To: grundle

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?


10 posted on 05/24/2023 2:45:29 PM PDT by unixfox (Abolish Slavery, Repeal the 16th Amendment)
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To: grundle

What did they do with the money they extorted from guilty Whiteys?


11 posted on 05/24/2023 2:47:32 PM PDT by I want the USA back (The democrat party is the most subversive and harmful institution on the planet. Tied with media.)
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To: All

Just remember this...

One way or the other, BLM’s money issues are somehow someway gonna be spun as being the fault of Whitey!


12 posted on 05/24/2023 2:52:07 PM PDT by MplsSteve
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To: I want the USA back

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


13 posted on 05/24/2023 2:53:36 PM PDT by joshua c (to disrupt the system, we must disrupt our lives, cut the cable tv)
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To: grundle
Remember when professional wrestling admitted all the matches were fixed back in the 1990s?

And professional wrestling still has a huge fan base to this day and always will.

It's no different for race hustlers.

14 posted on 05/24/2023 2:56:39 PM PDT by HandBasketHell
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To: grundle

Just demand a clean debt ceiling.


15 posted on 05/24/2023 3:00:49 PM PDT by blackdog ((Z28.310) *Return the Pulitzers over Crossfire Hurricane Now. )
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To: grundle

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.


16 posted on 05/24/2023 3:01:56 PM PDT by FlingWingFlyer (Since O'Bama was ruling the roost, America has gone from melting pot to septic tank of the world.)
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To: Conservat1

To dnc 2020/2022 coffers


17 posted on 05/24/2023 3:04:49 PM PDT by struggle
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To: grundle

“Where did all the money go?”

Left-wing scam: BLM donations

Right-wing scam: ‘Stop the Steal’ donations


18 posted on 05/24/2023 3:05:01 PM PDT by Mr. N. Wolfe
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To: grundle

More here:

https://freerepublic.com/focus/f-news/4155569/posts

https://freerepublic.com/focus/f-news/4155623/posts

😂👍


19 posted on 05/24/2023 3:08:36 PM PDT by rktman (Destroy America from within? Check! WTH? Enlisted USN 1967 to end up with this💩? 🚫💉)
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To: grundle

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.


20 posted on 05/24/2023 3:11:39 PM PDT by Dilbert San Diego
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