Latest

‘I never touched any money’: Developer in $6 million BLM mansion scandal says he did not buy it, but put it in LLC

April 8, 2022 | | Print Article

Get the latest BPR news delivered free to your inbox daily. SIGN UP HERE

Controversy continues to swirl over the purchase of a $6 million California mansion by Black Lives Matter with a Republican congressman calling for a Justice Department investigation of the 2020 deal amid questions about the group’s financial dealings.

Rep. Darrell Issa spoke with Fox News Digital following a report about the secretive purchase of the property which was paid for in cash using funds that were donated to the Black Lives Matter Global Network Foundation during the months when the organization enjoyed an elevated national profile in the aftermath of the death of George Floyd that was a windfall for BLM.

According to the California Republican, “The disturbing information that we are learning is more than enough to warrant an investigation from the DOJ — and doubtless not the end of all there is to know.”

“This definitely has the suggestion of misappropriation of charitable funds and an abuse of our nonprofit laws,” Issa told Fox News Digital.

The murky nature of the deal for the property which is more than 6,500 square feet has been scrutinized by multiple outlets after it was initially reported by New York Magazine which cited communications, documents and emails that suggested that the “luxury property’s purchase and day-to-day operation 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.”

One major red flag is that BLM’s $5.8 million deal for the Studio City compound came only days after it was initially purchased for $3.1 million by a real estate developer friend of the organization, a whopping difference of $2.7 million which remains largely unexplained.

Two days after the developer Dyane Pascall bought the property, “lawyers for the Democratic law firm Perkins Coie incorporated a limited liability company (LLC) in Delaware named for the mansion’s address,” according to the New York Post, “the home was transferred to the company for $5.8 million, records show.”

Pascall, who effectively served as a middleman for BLM and bought the mansion from a televangelist insisted the transaction has been evasive on details, telling the New York Post that he did not recall the exact price that he paid for the property. “I paid the asking price,” he said.

The developer also denied any impropriety to the Washington Examiner who contacted him by telephone this week. “I don’t owe you an explanation,” he reportedly said.

“I never touched any money. The money went straight to escrow,” Pascall said, adding that he “didn’t purchase the house” but had “assigned it to an LLC,” the outlet reported.

BLM clearly believed that revelations of the nebulous nature of the deal were a threat, reportedly attempting to “kill” the New York Magazine story.

BLM co-founder Patrisse Cullors reacted predictably, assailing the reporter of being racist in a diatribe posted to her Instagram account.

The property, which has been referred to BLM internally as “the complex” has six bedrooms, a pool, and parking for 20 cars, among other luxury features.

DONATE TO BIZPAC REVIEW

Please help us! If you are fed up with letting radical big tech execs, phony fact-checkers, tyrannical liberals and a lying mainstream media have unprecedented power over your news please consider making a donation to BPR to help us fight them. Now is the time. Truth has never been more critical!

$10
$15
$25
$50
Other
$
Success! Thank you for donating. Please share BPR content to help combat the lies.
Chris Donaldson
Latest posts by Chris Donaldson (see all)

Comment

We have no tolerance for comments containing violence, racism, profanity, vulgarity, doxing, or discourteous behavior. If a comment is spam, instead of replying to it please click the ∨ icon below and to the right of that comment. Thank you for partnering with us to maintain fruitful conversation.

BPR INSIDER COMMENTS

Scroll down for non-member comments or join our insider conversations by becoming a member. We'd love to have you!

26 thoughts on “‘I never touched any money’: Developer in $6 million BLM mansion scandal says he did not buy it, but put it in LLC”

  1. It’s ok There will ten to twenty underprivileged black families that will be moving in shortly to live rent free for the next few years until they can get back on their feet and then the house will resell for 1K

  2. BLM wants to openly give us the middle finger then cry racist when you call them out. When will this sham “charity” be investigated and face the music?

  3. Any time a reference to race or racism is included in a denial it is code for “oops, didn’t cover my tracks good enough”!

  4. I can’t believe a BLM person would engage in such unscrupulous and shady behavior. YYYYYEEEEEESSSSS. Every day.

  8. Not only is Cullors a racist – she is also a thief . She should soon find out that she’s not above the law !

  9. It is still theft from the people who thought they were contributing to help the downtrodden black people.

  10. Isn’t it WAY past time to declare blm as a SCAM and SEIZE all assets before they go “missing”? A FULL accounting of ALL FUNDS should be in order! I think people would shake their heads as say “about what I thought” when the TRUTH of the mismanagement and OUTRIGHT FRAUD are revealed!

  11. BLM? When have they ever done something legit? They’re a gang from the hood. Because they were able to fleece so many, and accumulated so much money, it still doesn’t change the leopard’s spots. They’re thugs! Many blindsided contributors would like answers, too.

  12. WOW, is anyone surprised? Watch, they will be eating their own in the coming months. History has an obsession to repeat itself. Thankfully it’s in California! Land of the “Crazys”?

  13. “I never touched the money” Isn’t that what the pimp says to the john? I guess they think we are all just too stupid to know corruption when we see it. Remember in November

  14. Now I would never claim to be a Real Estate Investor, my only property is the house I live in, but when I did purchase it, I tried to get the LOWEST price I could. I guess that just goes to show how little I know about investing, I would have never thought to pay Twice the current price for the property. Of course the seller was the Real Investor; he bought the property for $3 Million and sells it the next week for $6 Million. Now that is one hell of a profit margin. Nothing to see here, everything is quite legal and above board, anyone with any questions is a Racist, Right???

  15. Yet another corrupt dirty deal Perkins Coie involved in why are they still able to practice law? They all should be disbarred and jailed! Uranium One and Fusion GPS, Dossier, BLM, Clinton’s the list is long and it is never good!
    Biden wants us to report on any movement of $600 but yet an organization that spent 2 yrs looting and destroying Cities, attacking Cops can move $6 million in cash with out an investigation! Banks are suppose to report any $10k transaction which Banks and Title company is in on these dirty deals! You can’t do a cash real estate deal in cash it has to be wired or a cashiers check! The money has to be documented to prevent money laundering etc…. Selling a home in a short time for twice the money alone is a red flag for the FED’s and anyone involved in the transaction! What is the Feds and IRS involvement in it that they aren’t investigating it. Capital Gains tax alone would be high on both transactions!

  17. Another organization along the same lines as the Clinton and Biden foundations. Say they’re helping the people but the only people they’re helping are themselves. And they use the same defense….lie their way out of it. BLM is a joke and a disgrace.

  18. I haven’t seen it in print, but, Hey! Yo! THESE BLM GRIFTERS HAVE SCAMMED ALL YOU FOOLS DUMB ENOUGH TO HAVE DONATED TO THEM!

  19. Ahh, the ubiquitous Perkins Cole. Why is that when there’s a scandal involving the left, their name comes up?

  20. Another chapter in the newly released book, Black LIES Matter….or , As the KneeGrows !
    Had enough yet America ?

  22. WHAT an IDIOTIC statement to be made by a “lawyer” ! WHAT does “putting the property in an LLC” got to do with the PURCHASE PRICE and the SALE PRICE two days later !?? HE GOT PAID and made over 2 Million dollars in 2 days !! WTF ?

Comments are closed.

Latest Articles