Black Lives Matter is headed for BANKRUPTCY after plunging $8.5M into the red
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.