(note: HBCU = historically black colleges and universities)
Black Lives Matter came under scrutiny earlier this year after they have failed to file the appropriate paperwork associated with a non-profit.
BLM is sitting on millions in public donations following the death of George Floyd in Minnesota.
Co-founder Patrisse Cullors used BLM donations to pay millions of dollars to family and friends for various reasons.
This, combined with her home purchases, makes it look like BLM was nothing more than a massive grifter scheme.
The Washington Free Beacon reported:
The Black Lives Matter foundation has $42 million in net assets, the Associated Press reported on Tuesday. The foundation’s co-founder, self-proclaimed Marxist Patrisse Cullors, used the foundation’s money to pay millions of dollars to family members, friends, and the father of her child.
The Black Lives Matter Global Network Foundation in a 990 tax disclosure obtained by the AP reported that it “invested $32 million in stocks from the $90 million it received as donations” thanks to the 2020 race protests. It ended its last fiscal year with $42 million in net assets and has an operating budget of about $4 million.
Under Cullors’s direction, BLM paid out nearly $970,000 to a company owned by Damon Turner, who has a child with Cullors; more than $840,000 to a security firm run by Cullors’s brother; and more than $2.1 million to a consulting firm owned by close Cullors associate Shalomyah Bowers. Cullors admitted the foundation employed her mother and sister as well as her brother.
Now, Cullor’s cohort Shalomyah Bowers is accused of stealing $10 million from grassroots organizations.
In response, Bowers accused the BLM grassroots of racism.
The Post Millennial reported:
“The leader of the Black Lives Matter Global Network Foundation, Shalomyah Bowers, was accused of stealing over $10 million from the organization in a lawsuit filed Thursday by Black Lives Matter Grassroots.
The suit, filed by attorney Walter Mosley, places blame of the increased scrutiny, especially from the IRS, at the feet of Bowers and said his actions were “blazing a path of irreparable harm to BLM in less than eighteen months.”Bowers, who is one of three directors on the board of the Black Lives Matter Global Network Foundation, shot back with a joint statement that read, “They [Black Lives Matter Grassroots] would rather take the same steps of our white oppressors and utilize the criminal legal system which is propped up by white supremacy (the same system they say they want to dismantle) to solve movement disputes.””