BLM to File for Bankruptcy After $90 Million in Donations Mysteriously Disappears
Was this all just an elaborate scam?
According to reports from US media; Black Lives Matter the charity that was started by two "trained Marxists" in 2016 before gaining international coverage by hijacking the death of George Floyd, are only days away from filing for Bankruptcy.
In the first 12 months after George Floyds death Black Lives Matter received over $77 Million in donations from right across the world. In year two they scooped up another $12 Million, all donated by caring people hooked by the snappy slogan, and convinced by the victimhood narrative.
It didn't take long for questions to be asked about exactly who they were and where the money was going. It soon emerged that, whilst there appeared to be little if any charitable work being done by the two founders, money was being spent on luxury houses that the pair and their families appeared to be availing themselves of.
Patrisse Cullors, one of the two founders, and at the helm of the Black Lives Matter Global Network Foundation for nearly six years, stepped down in May 2021 when questions began to be asked about just how the charity worker had afforded the luxury properties she had bought that year.
In May 2022, it was revealed Black Lives Matter spent more than $12 million on those luxury properties in Los Angeles and in Toronto - including a $6.3 million 10,000-square-foot property in Canada that was purchased as part of a $8M 'out of country grant.' The Toronto property was bought with grant money that was meant for 'activities to educate and support black communities, and to purchase and renovate property for charitable use.'
The group had said it was planning to use the property as main headquarters in Canada, and it has now been named the Wilseed Center for Arts and Activism.
It emerged that Cullors transferred millions from the organization to a charity run by her wife, Janaya Khan, to purchase the property, circumventing much of the scrutiny from officials by purchasing the properties through a third party.
Cullors admitted to AP that her group was ill-equipped to handle the finances of a charity which received $90 million the year after George Floyd was killed - but denied any wrongdoing. Cullors issued a statement denying she used the $6 million LA property for personal purposes, but then had to backtrack and admit she had used the compound for purposes that were not strictly business. The activist also amassed a $3 million property portfolio of her own, including homes in LA and Georgia, although AP claim there is no suggestion of any financial impropriety, there is no indication how the 'downtrodden black victim of white supremacy' actually amassed that fortune.
The board is now led by nonprofit adviser Cicley Gay, who has filed for bankruptcy three times since 2005 alone: Gay did the same thing 2005, 2013 and 2016 with questions being asked about financial management on every occasion.
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.
The organization in February 2021 said it had taken in more than $90 million in 2020 and still had $60 million on hand. Last year, it was down to $42 million, while the Free Beacon reports BLM has now spent two thirds of the $90 million cash it had to hand.
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.
Black Lives Matter is headed for INSOLVENCY after plunging $8.5M into the red - but founder Patrisse Cullors' brother was still paid $1.6M for 'security services' in 2022, while sister of board member earned $1.1M for 'consulting'.
It should be noted that, not a single black life has been saved by the organisation, but a very select few appear to now be living in absolute luxury thanks to what was an elaborate scam.