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 ...
The stupidity of woke American companies knows no bounds. And, we pay with increased prices because of theior stupidity and “donations” to leftist and Black causes.
Reverend Al and Jesse Jackson could have taught these young Turks that the real money in playing the race card is accumulating the stash in the long game not going with the flash in the short game.
The Democrats don’t need them anymore until the next Republican President gets elected then they will start looting and burning again.
Bingo, nothing but an extortion racket. Those at the top got the money and set everyone else out to dry while they laughed all the way to the bank. The poor corporations were the fools that were guilted into extortion.
Lie down with looters...
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Thats just prerequisite for an official liberal democratic party representative. Sign em up!
Oh, golly gee, hasn’t Soros’ check come in yet?
Pound sand. There was nothing wrong with what I said other than the truth.
Couldn’t have happened to a nicer bunch. Hope they invested wisely. BWAHAHAHA!
Who do they think they are, the DeBlasio Red Family?
Biden should give them a few $ billion.
It would be racist not to do so, since he has unilateral spending power.
This sounds a lot like boxers who made incredible fortunes and then were broke.
One: Boxing legend Mike Tyson lost his entire $400 million fortune by 2003.
Another:Unable to manage his fortune, which was close to 250 million dollars, now he may even be forced to sell his most treasured possession: one of his cars. He was declared bankrupt after retiring and is now worth $500,000.
Middleweight Iran Barkley made $5 million and....
“Until recently, Barkley was homeless in New York City. He’d lived in a housing project with a family member but returned to find the locks changed one day. Barkley admits that he was contributing nothing to the family finances and seemed neither bitter nor surprised that he was shown the door.
A New York paper did a profile on Barkley’s life on the streets late last year. Between the efforts of some donors and the efforts of a nonprofit organization in the Bronx, Barkley is no longer spending his days and nights riding the subway. He’s moved into a renovated apartment and, hopefully, will be able to turn things around with a little more help.”
Leon Spinks made $5 million although management may have cheated him out of money. He defeated Muhammad Ali. The last reports on Spinks were that he was working for minimum wage as a janitor at a YMCA in Nebraska. Now suffers from dementia.
Other side of house had a threadbare used couch on the porch and rows of hub caps for sale. And three old Chevy’s on cinder blocks used for spare parts to keep a 1991 Malibu barely working.
I still remember Richard Pryor's routine on Leon, "I ain't go no money, I ain't got no teefus, and I definitely ain't got no driver's license"
2nd boxer was Evander Holyfield.
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