Legal Insurrection by Mike LaChance 2/3/2022
“BLM was given 60 days to file tax and charity documents for 2020 — the year it previously confirmed collecting a staggering $90 million, with at least $60 million left over after expenses and grants.”People have started to notice that Black Lives Matter, the organization, is sitting on a massive pile of cash and doesn’t seem to be following standard procedures for a non-profit.
As a result of this increased scrutiny, they have temporarily suspended their fundraising operations.
Andrew Kerr reports at the Washington Examiner:
Black Lives Matter shuts down fundraising days after liberal states threatened legal action
Black Lives Matter shut down all of its online fundraising streams late Wednesday afternoon, just days after California threatened to hold the charity’s leaders personally liable over its lack of financial transparency.
The move comes less than a week after a Washington Examiner investigation found that BLM has had no known leader in charge of its $60 million bankroll since its co-founder resigned in May. California and Washington recently ordered BLM to cease all fundraising activities in their blue states due to the failure of the Black Lives Matter Global Network Foundation, the legal entity that represents the national BLM movement, to report information about its finances in 2020, the year it raised tens of millions amid the racial protests and riots that followed George Floyd’s killing.
More:
https://legalinsurrection.com/2022/02/black-lives-matter-halts-fundraising-amid-scrutiny-of-finances-and-legal-threats/
