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Shady Black Lives Matter Org Headed to Total Bankruptcy – Still Giving Seven Figure Salaries to Board Members and Co-Founder’s Family

BLM is in between a rock and a hard place of its own making. Huge contracts were given to friends and families and even though they received $90 million dollars, between their property purchases and exorbitant salaries, which they are still paying to this day, they are deeply in debt and may have to declare bankruptcy.

The BLM GNF was founded in November 2020 ostensibly to provide a more formal of structuring of the BLM Movement. BLM is doling out hundreds of thousands of relatives of BLM founder Patrisse Cullors.

Cullors once claimed that financial disclosures would be “triggering” and “unsafe.” Now we know what she wanted to cover up.

The Free Beacon reported:

Black Lives Matter Global Network Foundation ran an $8.5 million deficit and saw the value of its investment accounts plummet by nearly $10 million in the most recent tax year, financial disclosures show. The group logged a $961,000 loss on a securities sale of $172,000, suggesting the charity weathered a staggering 85 percent loss on the transaction.

These troubles didn’t stop BLM from doling out seven-figure contracts to friends and family of its former executive director Patrisse Cullors, who once said charity financial disclosures were “triggering” and “deeply unsafe.”

It’s no surprise that Cullors was so fearful of disclosing Black Lives Matter’s finances to the public. The revelations in Black Lives Matter’s latest Form 990 show that the group is on the fast track to financial insolvency, and that the excesses of Cullors’s tenure have not abated under her chosen successor, Shalomyah Bowers.

The financial losses come after a year of missteps and setbacks for the embattled charity. BLM raised just $9.3 million in its 2022 fiscal year, down 88 percent from its haul the year prior. Black Lives Matter was forced to shut off its online fundraising streams in February 2022 due to compliance and transparency issues in several liberal states.

The group has blown through two-thirds of the $90 million it raised in the wake of George Floyd’s death in the summer of 2020. BLM spent about $12 million of those funds on luxury homes in Los Angeles and Toronto.

Donations to BLM were also going directly to ActBlue, the fundraising platform for the DNC. It is not known how much the Democrats raised using this scam.

From The Gateway Pundit

The Gateway Pundit reported on May 30th that the recent riots in Democrat-led cities around the country were coordinated and related to three main groups: 1) US based Islamist Organizations, 2) Domestic terrorists, and 3) Other radical groups and Marxists linked to the Democrat Party.

There clearly was no reason for the mass riots taking place around the country after the death of the individual at the hands of the police in Minneapolis, Minnesota. Nothing warranted the wholesale destruction of property, the murder and and riots around the US since that event.  Nothing excused the mass violence and destruction.

Thousand Currents is a supposedly non-profit organization and Susan Rosenberg served on its Board.  Susan Rosenberg was a member of the Weather Underground terrorist group, which included Obama friend Bill Ayers. President Bill Clinton gave her a pardon on his last day in office.

So in summary contributions to BLM are funneled through ActBlue, the major resource for Democrat donations, and then funneled to an organization ran by a member of a domestic terrorist group.

We next reported that ActBlue in Texas is paying, not only candidates, but thousands of other unidentified individuals.

We still question if ActBlue is paying rioters for their attempts to destroy American cities?

Today we can report that ActBlue uses its monopolistic fundraising site to back only certain candidates the elites in the Democrat Party believe are worthy of their funds (much of which were extorted from US corporations to support BLM).

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