One of the biggest scams in the history of America – the Black Lives Matter organization – may FINALLY be coming to an end with newly obtained documents showing the Marxist money trap is on the brink of BANKRUPTCY!
According to the Washington Free Beacon, tax documents show that the Black Lives Matter Global Network Foundation (BLM GNF) is operating in the red and will be forced to close its doors soon.
The BLM GNF was founded in November 2020 to formally structure the BLM Movement and have a more effective way of collecting cash.
Even while on the brink of collapse, however, the greedy Marxists are STILL paying out millions of dollars to co-founder Patrisse Cullors, several board members, and relatives of Cullors.
Cullors has been embroiled in a number of scandals related to the way she was spending BLM’s funds after she was seen living it up lavishly with several multi-million dollar mansions. She once claimed that financial disclosures would be “triggering” and “unsafe.”
But now it’s pretty clear why she was so hellbent on avoiding making those disclosures – her and her family have been bleeding BLM dry!
“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,” the Washington Free Beacon reported.
The group has burnt through two-thirds of the $90 million it raised in the wake of George Floyd’s death in the summer of 2020. About $12 million of those funds were spent on luxury homes in Los Angeles and Toronto for Cullors.
BLM raised just $9.3 million in its 2022 fiscal year, down a staggering 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 states, but even if those were still in place, Americans have realized by now what a major scam this entire organization is and have for the most part stopped supporting it – even on the left.
At its peak, BLM was effectively a terrorist group which encouraged hatred and violence which they would then turn around and fundraise off of.
But let’s not forget of course that this organization acted as a front for powerful Democrats who looked to seize on poor race relations in America to fill their campaign’s coffers.
Donations to BLM were run through Democrat fundraising vessel ActBlue and were subsequently donated to top DNC campaigns.
The Democrats used BLM as a front and then took the money that was supposed to go towards helping the black community – and put it towards their campaigns.
And the millions of dollars Cullors has been receiving? A payoff for being the face of this criminal enterprise designed to scam Americans out of their money!
I heard that the BLM and ANTIFAS GOT ALMOST A bILLION AND 73 MILLION FROM THE BANK IN CAL. THAT WENT TITS UP AND i HAVE COME TO THE CONCLUSION THAT THE BIGGEST SCAM IS THE DEMOCANT COMMUNIST PARTY
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Only the stupid were scammed. Saw through this day one. How can so many so called educated people didn’t and fell for their bullshit.
Not jail for these three and other individuals that are involved. BUT EXECUTED BY FIRING SQUAD! This is TREASONOUS TO STEAL FROM OTHER! Just so fools can live like a Millionaire that a CRIMINAL! The whole family deserves death sentence! To stop MARXISTS YOU NEED TO CUT THE HEAD OFF THE SNAKE!
What did I just read? DEMOCRATS WERE INVOLVED IN THIS BLM ORGANIZATION! THEIR ACTBLUE was USING BLM to fund top democrats politicians campaign??? Wow! Now it seems like DEMOCRAT PARTY IS A PARTY OF CRIMINALS! TIME TO PUT THEM DOWN FOR GOOD!
BLM, ANTIFA, NAACP, ACLU, Occupy Wall Street, ACORN, CORE … These destroy the USA leftist and Communist groups don’t go away, they just change their name and latch onto (create) the next crisis. Where do they get their $$$. Ask the CEO’s of America’s top corporations (APPLE, AMAZON, MICROSOFT, SOROS, etc.)
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I really don’t think that you are Angelina Jolie
How could anyone fall for the bullshit that these thugs were tossing around? I have no sympathy for any idiot or institution who lost money.