Black Lives Matter On the Brink of Bankruptcy, Called Out For ‘Shady’ Finances

The Black Lives Matter organization’s finances are in the red. Tax documents show BLM’s Global Network Foundation ended the financial year with $8,559,748 while still owing millions to organizers and relatives of co-founder Patrisse Cullors, the New York Post reports. The filings highlight how the nonprofit recorded revenue of $8.5 million, more than half the $17 million the organization spent. Cullors quit last year after financial scrutiny, but her brother, Paul Cullors, is currently the only salaried employee as of last year, getting nearly $125,000 plus $15,000 in “other compensation” for security. His security firm, Black Ties L.L.C., was paid much more than that— $756,330. A new team member, Shalomyah Bowers, who replaced Cullors, has also been accused of mismanaging money. In a lawsuit from outside sister organization Black Lives Matter Grassroots, the group accused Bowers of “blazing a path of irreparable harm to BLM” and transferring millions to his firm, Bowers Consulting. “Instead of using the donations for its intended purposes, Mr. Bowers diverted these donations to his own coffers,” the group claimed. Watch the latest video at foxnews.com BLM was called out for its financial woes by Adam Coleman, a Black New York Post columnist, on Fox News....