Posted on 05/24/2023 8:03:11 AM PDT by Red Badger
... for 'security services' in 2022, while sister of board member earned $1.1M for 'consulting'
* Black Lives Matter Global Network Foundation, a non-profit that grew out of the protest movement, is haemorrhaging cash, financial records show
* The group ran an $8.5 million deficit and saw the value of its investment accounts drop by nearly $10 million, with fundraising down 88% year-on-year
* Despite the financial woes, the organization still paid relatives of the founder and of a board member hundreds of thousands of dollars for services
Black Lives Matter's national organization is at risk of going bankrupt after its finances plunged $8.5 million into the red last year - while simultaneously handing multiple staff seven-figure salaries.
Financial disclosures obtained by The Washington Free Beacon show the perilous state of BLM's Global Network Foundation, which officially emerged in November 2020, as a more formal way of structuring the civil rights movement.
Yet despite the financial controversy and scrutiny, BLM GNF continued to hire relatives of the founder, Patrisse Cullors, and several board members.
Cullors' brother, Paul Cullors, set up two companies which were paid $1.6 million providing 'professional security services' for Black Lives Matter in 2022.
Paul Cullors was employed as the head of the security team at the $6 million Los Angeles mansion (pictured) bought with charity donations
Paul Cullors was also one of BLM's only two paid employees during the year, collecting a $126,000 salary as 'head of security' on top of his consulting fees. He is best known as a graffiti artist, with no background in security.
Patrisse Cullors defended hiring him, saying registered security firms which hired former police officers could not be trusted, given the movement's opposition to police brutality.
(Excerpt) Read more at dailymail.co.uk ...
Since black men under the age of 30 make up around 3.5% of the population but commit approximately 60% of the violent crime... their security concerns should be considerably less than the rest of us.
BLM was formed by Obama/Holder, with the tacit protection of the DOJ/FBI, to promote chaos and push political narratives - particularly, Federal control of 3000+ local, independent US police forces.
In sum, they were Obama’s red guards or brownshirts
They are no longer useful, so they are being allowed to wither, and their “founders” to finish looting the protection money they rec’d from corporations.
Distributing tax-payer funded "reparations" to people based solely on melanin content will result in all of that money winding up in the hands of the owners of luxury car dealerships, jewelry stores and other "symbols of success" in the 'hood'.
The end result will be that the recipients end up broke and will complain that no one taught them how to manage money, so we need a new round of payouts which will go on into perpetuity. Once that "reparations" pandora's box is opened, it will never be closed.
Black Lives Matter Global Network Foundation
Bernie Madoff smiles
The rich suburban white kids still have the yard signs in their parent’s front yards though.
biden will find a way to send OUR money.
No. YOU are going to bail them out.
Buy Large Mansions.
Almost like some sort of scam or something right? 🤑🖕
“Every great cause begins as a movement, becomes a business, and eventually degenerates into a racket.” ~ Eric Hoffer
I’d say they skipped to the end pretty quick.
BLM, bankrupt in every way.
Some Black Lives Matter - just another shakedown operation, fueled by money from leftist corporations and big NGOs who assuage their white guilt by giving to these outfits. Con men on one side, suckers on the other.
BLM was a scam from the beginning....blacks are accustomed to robbing their own kind...and being robbed by their own kind.
Well, the “L” DOES stand for “loot”. What did you expect?
These blacks learned from the best. The democraps.
Clearly BLM is trying to emulate the pros. They should have consulted with Donkeyrats in Congress on best practices.
To the Biden Crime Family this is just another small business in need of a bailout.
Accounting is racist.
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