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Black Lives Matter Faces Bankruptcy After Plunging $8.5M into Debt in 2022

Submitted by ckanon@abi.org on
The national organization behind Black Lives Matter is facing bankruptcy after plummeting $8.5 million into debt last year, RadarOnline.com reported. In a development coming almost four years after the BLM Global Network Foundation formally emerged in November 2020, the organization is now nearly $9 million in the red. There also is evidence showing that BLM GNF still managed to hire and pay relatives of the foundation’s founder, Patrisse Cullors, seven-figure salaries despite the financial woes it faced in 2022. According to financial disclosure documents first obtained by the Washington Free Beacon this week, Patrisse’s brother Paul was paid $1.6 million last year to provide “professional security services” for BLM. Paul Cullors also reportedly received an additional $126,000 salary as “head of security” for the foundation, as well as vague consulting fees, despite having no experience or background in the security services industry. In addition, in 2021, Patrisse came under fire when it was revealed the foundation paid the father of her child $970,000 to produce “live events” and other “creative services” for the BLM GNF.