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Black Lives Matter Faces Bankruptcy After Spluring Millions On Real Estate

Black Lives Matter Global Network Foundation (BLM) faces bankruptcy after its recent tax filing shows a $9 million deficit last year. This news comes after BLM co-founder Patrisse Cullors made headlines for the past couple of years for her extensive real estate portfolio worth close to $8 million. She also took extravagant trips with staff to far-away destinations for “business” that looked a lot more like pleasure.

BLM and similar organizations raised a combined $82 billion since the death of George Floyd in 2020. Of that $82 billion, BLMGNF raised somewhere around $100 million. Tax filings show that BLM had $42 million in assets in 2022. Financial analysts suggest that BLMGNF simply has a spending problem. The organization came into a windfall of cash after the death of George Floyd and, apparently, they continued to spend like that money was coming in the same way it was. Of course, the windfall died down and reality set in. BLMGNF ignored this reality, and now they are facing bankruptcy due to their extravagant spending.

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