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Black Lives Matter is headed for INSOLVENCY after plunging $8.5M into the red - but founder Patrisse Cullors' brother was still paid $1.6M ....
Daily Mail UK ^ | 08:20 EDT, 24 May 2023 | By HARRIET ALEXANDER

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 ...


TOPICS: Breaking News; Business/Economy; Crime/Corruption; Culture/Society; US: California
KEYWORDS: 202011; arsonists; biden; blm; blmgnf; burnlootmurder; crimestat; cullors; democrats; insurrection; insurrectionists; joebiden; patricelumumba; patrissecullors; patrisselumumba; paulcullors; poopypantsbiden; rioters; rioting; riots; summeroflove; waroncops; waronpolice
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To: Red Badger
I bet there ain't a lot of black neighbors.................

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.

21 posted on 05/24/2023 8:33:37 AM PDT by fireman15 (Irritating people are the grit from which we fashion our pearl. I provide the grit. You're Welcome.)
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To: Red Badger

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.


22 posted on 05/24/2023 8:34:57 AM PDT by PGR88
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To: Red Badger
A textbook case of the folly of "reparations" on a small scale. You can give an idiot millions of dollars and he is still an idiot.

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.

23 posted on 05/24/2023 8:44:10 AM PDT by American Infidel (Instead of vilifying success, try to emulate it)
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To: Red Badger

Black Lives Matter Global Network Foundation

Bernie Madoff smiles


24 posted on 05/24/2023 9:03:05 AM PDT by Vaduz (....)
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To: Red Badger

The rich suburban white kids still have the yard signs in their parent’s front yards though.


25 posted on 05/24/2023 9:34:41 AM PDT by SamAdams76 (5,181,324 Truth | 87,174,230 Twitter)
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To: Red Badger

biden will find a way to send OUR money.


26 posted on 05/24/2023 9:35:19 AM 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: T. Rustin Noone
Not to worry. Some Lefty billionaire is waiting to bail them out.

No. YOU are going to bail them out.

27 posted on 05/24/2023 9:36:21 AM PDT by dfwgator (Endut! Hoch Hech!)
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To: Red Badger
do I really have to say it???


28 posted on 05/24/2023 9:42:08 AM PDT by Chode (there is no fall back position, there's no rally point, there is no LZ... we're on our own. #FJB)
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To: Red Badger

Buy Large Mansions.


29 posted on 05/24/2023 9:42:24 AM PDT by Eleutheria5 (Every Goliath has his David. Child in need of a CGM system. https://gofund.me/6452dbf1. )
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To: Red Badger

Almost like some sort of scam or something right? 🤑🖕


30 posted on 05/24/2023 9:48:55 AM PDT by rktman (Destroy America from within? Check! WTH? Enlisted USN 1967 to end up with thisđź’©? đźš«đź’‰)
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To: Red Badger

“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.


31 posted on 05/24/2023 10:01:11 AM PDT by Tijeras_Slim
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To: Red Badger

BLM, bankrupt in every way.


32 posted on 05/24/2023 10:06:03 AM PDT by Jim W N (MAGA by restoring the Gospel of the Grace of Christ (Jude 3) and our Free Constitutional Republic!)
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To: Red Badger

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.


33 posted on 05/24/2023 10:06:41 AM PDT by SharpRightTurn (“Giving money & power to government is like giving whiskey & car keys to teenage boys” P.J. O’Rourke)
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To: Red Badger

BLM was a scam from the beginning....blacks are accustomed to robbing their own kind...and being robbed by their own kind.


34 posted on 05/24/2023 10:12:50 AM PDT by caww (O death, when you seized my Lord, you lost your grip on me......)
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To: Red Badger

Well, the “L” DOES stand for “loot”. What did you expect?


35 posted on 05/24/2023 10:16:19 AM PDT by FrankRizzo890
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To: Red Badger

These blacks learned from the best. The democraps.


36 posted on 05/24/2023 10:36:59 AM PDT by eartick (Stupidity is expecting the government that broke itself to go out and fix itself. Texan for TEXIT)
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To: Red Badger

37 posted on 05/24/2023 10:41:26 AM PDT by windsorknot
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To: Red Badger

Clearly BLM is trying to emulate the pros. They should have consulted with Donkeyrats in Congress on best practices.


38 posted on 05/24/2023 11:07:06 AM PDT by BradyLS (DO NOT FEED THE BEARS!)
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To: Red Badger

To the Biden Crime Family this is just another small business in need of a bailout.


39 posted on 05/24/2023 11:10:42 AM PDT by Billthedrill
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To: Red Badger

Accounting is racist.


40 posted on 05/24/2023 11:12:43 AM PDT by LimitedPowers (Citizenship is not a Hate Crime!)
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