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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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1 posted on 05/24/2023 8:03:11 AM PDT by Red Badger
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To: Red Badger
In before the thread gets locked.


2 posted on 05/24/2023 8:05:38 AM PDT by Yo-Yo (Is the /Sarc tag really necessary? Pray for President Biden: Psalm 109:8)
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To: Red Badger

One can never be too safe.


3 posted on 05/24/2023 8:06:31 AM PDT by Mashood
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To: Red Badger

They need another George Floyd....


4 posted on 05/24/2023 8:06:34 AM PDT by gundog (It was a bright cold day in April, and the clocks were striking thirteen. )
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To: Red Badger

Most organizations have an arc that rises and falls, and the fall begins with bloat, then political activism (due to any sizable organizations delusions of influence, political power is too alluring even if the cause has nothing to do with politics), then outright financial corruption, then finally descent into irrelevance or criminal demise, or both.

But since BLM as an organization didn’t even have a proper cause, and was taking a lot of money from sources that wanted nothing more than to sow discord, they skipped straight from political power to the corruption part of the arc and quickly into demise.


5 posted on 05/24/2023 8:08:44 AM PDT by z3n (Kakistocracy)
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To: Red Badger

Bailout!


6 posted on 05/24/2023 8:08:59 AM PDT by dfwgator (Endut! Hoch Hech!)
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To: Red Badger

BLM is world-class race-hustling poverty pimps.


7 posted on 05/24/2023 8:11:00 AM PDT by BenLurkin (The above is not a statement of fact. It is either opinion, or satire, or both.)
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To: Red Badger

Not to worry.

Some Lefty billionaire is waiting to bail them out.

BLM is too valuable as a tool of the Marxists to be left in the shed.

They will be made solvent (barely) for use at another time.


8 posted on 05/24/2023 8:11:04 AM PDT by T. Rustin Noone (Igitur qui desiderat pacem, praeparet bellum)
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To: Red Badger

Just racist. This is why we need reparations now.


9 posted on 05/24/2023 8:12:32 AM PDT by Karliner (Heb 4:12 Rom 8:28 Rev 3, "...This is the end of the beginning." Churchill)
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To: Red Badger

The board is now led by nonprofit adviser Cicley Gay, who has filed for Chapter 7 bankruptcy three times since 2005.

Gay was ordered by a court to attend financial management lessons, and at the time of her appointment in April 2022 had more than $120,000 in unpaid debt.


from the article


10 posted on 05/24/2023 8:14:24 AM PDT by PeterPrinciple (Thinking Caps are no longer being issued but there must be a warehouse full of them somewhere.)
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To: Red Badger

Some folks loot small, and end up with a few hair extensions or a big screen TV.
Some folks loot large, and end up with millions.


11 posted on 05/24/2023 8:15:04 AM PDT by Chewbarkah
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To: Chewbarkah

“If you kept the small rules, you could break the big ones.”
― George Orwell, 1984


12 posted on 05/24/2023 8:16:32 AM PDT by Red Badger (Homeless veterans camp in the streets while illegal aliens are put up in hotels.....................)
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To: Red Badger

In February 2022 the group stopped online fundraising following a demand by the California attorney general tho show where millions of dollars in donations received in 2020 went.


Well there is the problem reducing donations . It is someone elses fault.


13 posted on 05/24/2023 8:18:01 AM PDT by PeterPrinciple (Thinking Caps are no longer being issued but there must be a warehouse full of them somewhere.)
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To: Red Badger

There’ll be as much investigation as there is for Hunter Biden’s laptop.

Money is not surprisingly gone.

End of story.


14 posted on 05/24/2023 8:19:45 AM PDT by Bon of Babble (What did Socialists use before Candles?..... Electricity)
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To: gundog

They’re saving that for closer to the election so they can blame Trump.


15 posted on 05/24/2023 8:20:53 AM PDT by Bon of Babble (What did Socialists use before Candles?..... Electricity)
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To: Red Badger
Paul Cullors was employed as the head of the security team at the $6 million Los Angeles mansion (pictured) bought with charity donations

BLM Headquarters - $6 Million doesn't go as far as it used to

If it costs $1.6 Million to protect that shack maybe, they should consider moving to a neighborhood where security is provided by the HOA.

16 posted on 05/24/2023 8:21:45 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 grifted by the founder, who bought multiple homes and lots of expensive trinkets. This is the cause of their insolvency.
17 posted on 05/24/2023 8:21:46 AM PDT by Lazamataz (The firearms I own today, are the firearms I will die with. How I die will be up to them.)
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To: fireman15

I bet there ain’t a lot of black neighbors.................


18 posted on 05/24/2023 8:23:51 AM PDT by Red Badger (Homeless veterans camp in the streets while illegal aliens are put up in hotels.....................)
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To: Red Badger

The theme song to The Jeffersons, Movin On Up, keeps ringing through my mind here. Somebody should do a parody song entitled Movin Back Down. With the right lyrics edit, it could be hilarious.

https://www.lyricsondemand.com/tvthemes/thejeffersonslyrics.html


19 posted on 05/24/2023 8:27:07 AM PDT by Danie_2023
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To: Red Badger

Where’s the Section 8 housing? There’s supposed to be Section 8 housing .. you know, “affordable housing” that BLM was all for!


20 posted on 05/24/2023 8:27:17 AM PDT by usconservative (When The Ballot Box No Longer Counts, The Ammunition Box Does. (What's In Your Ammo Box?))
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