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BLM leaders bought LA mansion for $5.8m from developer friend who paid $3.1m for it just six days earlier

April 7, 2022 | | Print Article

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The byzantine nature of a luxury mansion transaction allegedly involving the Black Lives Matter Global Network Foundation, particularly as it relates to its purported more than doubling in value, continues to raise questions.

In a scenario that sounds like it could have occurred on the flamboyant Bravo TV channel series “Million Dollar Listing Los Angeles,” the property reportedly increased by 250 percent based on neighborhood comps, and between the short time it was apparently purchased by a real estate developer working for the BLM co-founders and when it was sold to a BLM shell company in a cash deal.

In a story first broken by the liberal New York Magazine, author Sean Campbell claimed that the complicated acquisition of the 6,500 square foot, six-bedroom property in the Los Angeles enclave of Studio City “suggest that it has been handled in ways that blur, or cross, boundaries between the charity and private companies owned by some of its leaders.”

On Instagram, BLM co-founder Patrisse Cullors reportedly denounced the New York magazine article as “a despicable abuse of a platform” and a form of racism and sexism.

In the lengthy article, Campbell, who has been covering BLM finances, added that “It creates the impression that money donated to the cause of racial justice has been spent in ways that benefit the leaders of Black Lives Matter personally.”

In a matter of days after the above-mentioned developer, Dyane Pascall reportedly purchased the two parcels of land from a televangelist for $3.1 million, BLMGNF bought it for $5.8 million using donated funds, according to various media accounts.

Specifically, two days after Pascall bought the mansion, ” lawyers for the Democratic law firm Perkins Coie incorporated a limited liability company (LLC) in Delaware named for the mansion’s address. Four days later — on October 27 — the home was transferred to the company for $5.8 million, records show. Property records also show that no transfer taxes were charged. BLMGNF is a tax-exempt charity,” the New York Post detailed.

“The quick fluctuation in price for the BLMGNF property has raised eyebrows among charity experts and good government groups.” the Post added.

The Government Integrity Project at the National Legal and Policy Center has filed a complaint against BLM about the transaction with the IRS and the California attorney general’s office

The mansion, which the group considers a safe house as well as a creative space for content producers,  reportedly provided the backdrop for a YouTube video, now made private, in which BLM leaders Cullors, Alicia Garza, and Melina Abdullah marked the first anniversary of the death of George Floyd by a Minneapolis police officer.

BLM has raked in at least $60 million in donations.

Cullors had stepped down as executive director of BLM in May 2021 shortly after her own high-end real estate holdings became public.

 

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17 thoughts on “BLM leaders bought LA mansion for $5.8m from developer friend who paid $3.1m for it just six days earlier”

  1. Blm is… and always has been a ghetto street hustle perpetrated by Marxists and funded by dumb azz, self hating, guilt ridden white cowards who are too stupid to realize they are suckers being conned. These blm criminals are laughing at whitey all the way to the bank.

  2. Typical black rabble rouser….collects the money from rich white libs and corps who fear their shadow and then spend it on themselves like a sailor on leave in Subic Bay.

  3. I thought there were LAWS that required “charities” to disburse the funds on the PURPOSE of their charters?? Didn’t the TRUMP FOUNDATION get thoroughly persecuted for GIVING MORE than THEY RECEIVED in Contributions?? OH yeah – that’s a DIFFERENT LAW!!

  4. I wonder what these BLM activists have done for the black communities, more likely zilch.

  5. The sad thing about BLM is they conned the black community and they got caught. We all saw it coming.

  6. The BLM is a fraud and all the people who gave them money are morons with no brain. They b**ch slapped them.

  7. Thats’s just BLM matter. Wonder if there is a WLM or ALM group taking donations out there?

    1. Except it’s not only libturd scum blacks, it libturd scum whites as well funding these terrorists.

  10. Rule #1, Don’t ever allow home, anywhere near a pile of Benjamin$ that isn’t theirs to keep.

  11. The horrible oppression and racism of this country is working very well for them. Not sure why they want to change things…..

  12. Just another crime family..now history has been rewritten and the mob no longer holds the title of the world’s largest crime family. Today’s most efficient and rich crime families are Black Lives Matter, the Clintons and the Bidens. Sadly, these over fed idiots at BLM are not as bright and cunning as the Clintons and Bidens, and have already been caught.

  13. Corruption at it’s finest. What happens when you give millions of dollars to a corrupt and group of thugs. This is it. Wonder how much drugs were made with these donations. So yes Democrats. Keep sending your money too BLM.

  14. It’s hilarious when I think of all the ignorant dems who donated money to these filthy, corrupt, racist knee-grows, and thought they would actually do something noble with it. Lol!

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