ETFOptimize | High-performance ETF-based Investment Strategies

Quantitative strategies, Wall Street-caliber research, and insightful market analysis since 1998.


ETFOptimize | HOME
Close Window

NLPC Files Complaint Against Black Lives Matter With IRS Alleging Cover-Up And Misuse of $6 Million LA Mansion by BLM Founder Patrisse Cullors

--News Direct--

The National Legal and Policy Center (NLPC), an ethics watchdog group, filed a 9-page complaint today with the IRS demanding that it immediately conduct a full investigation of Black Lives Matter Global Network Foundation (BLMGNF) and Patrisse Cullors, its founder and former Executive Director, for violating IRS rules prohibiting the use of nonprofit assets for private benefit, self-dealing, conflicts of interest, unlawful political fundraising, and other misconduct and assess appropriate civil or criminal penalties.

NLPC’s complaint cites explosive news reports revealing that a $6 million luxury mansion was purchased by BLMGNF in October 2020 shortly after it received $66 million from its sponsor, which raised funds for it, but kept the purchase secret until now. NLPC also cites internal text messages by BLM conspiring to come up with a cover-up story of why the mansion hasn’t been publicly disclosed for the last 17 months.

The complaint also shows photos of Patrisse Cullors using the mansion in 2021 for a cooking show she posted on her personal YouTube channel and a video of Cullors and two of her associates enjoying a fancy lunch on the patio and sipping sparkling wine while they chat about the problems of being Black activists.

Cullors response? Complying with IRS disclosure rules for nonprofits is “triggering” and causes “trauma” to her and her fellow Black activists and that no cares about disclosure anyway.

“NLPC believes that its complaint will ‘trigger’ a full IRS audit and investigation into BLM cover-up and lame excuses for lack of transparency to their donors and the public” said Peter Flaherty, NLPC’s Chairman. “Enough is enough,” said NLPC’s counsel Paul Kamenar who filed the complaint for NLPC. “The IRS must do their job and impose civil or criminal penalties for any violations and revoke their tax-exempt status if warranted,” Kamenar added.

NLPC has been in the forefront of investigating the shady activities of BLMGNF, Patrisse Cullors, her associates and connected organizations as part of its Government Ethics Project. NLPC recently filed complaints with the Attorney Generals of California and Washington on February 4, 2022, against BLMGNF for its flagrant failure to comply with those States’ nonprofit registration laws after being ordered to cease their fundraising activities.

Founded in 1991, NLPC promotes ethics in public life and government accountability through research, investigation, education, and legal action.

Contact Details

National Legal and Policy Center

Paul Kamenar

+1 301-257-9435

paul.kamenar@gmail.com

Company Website

http://www.nlpc.org

View source version on newsdirect.com: https://newsdirect.com/news/nlpc-files-complaint-against-black-lives-matter-with-irs-alleging-cover-up-and-misuse-of-6-million-la-mansion-by-blm-founder-patrisse-cullors-208059512

Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.


 

IntelligentValue Home
Close Window

DISCLAIMER

All content herein is issued solely for informational purposes and is not to be construed as an offer to sell or the solicitation of an offer to buy, nor should it be interpreted as a recommendation to buy, hold or sell (short or otherwise) any security.  All opinions, analyses, and information included herein are based on sources believed to be reliable, but no representation or warranty of any kind, expressed or implied, is made including but not limited to any representation or warranty concerning accuracy, completeness, correctness, timeliness or appropriateness. We undertake no obligation to update such opinions, analysis or information. You should independently verify all information contained on this website. Some information is based on analysis of past performance or hypothetical performance results, which have inherent limitations. We make no representation that any particular equity or strategy will or is likely to achieve profits or losses similar to those shown. Shareholders, employees, writers, contractors, and affiliates associated with ETFOptimize.com may have ownership positions in the securities that are mentioned. If you are not sure if ETFs, algorithmic investing, or a particular investment is right for you, you are urged to consult with a Registered Investment Advisor (RIA). Neither this website nor anyone associated with producing its content are Registered Investment Advisors, and no attempt is made herein to substitute for personalized, professional investment advice. Neither ETFOptimize.com, Global Alpha Investments, Inc., nor its employees, service providers, associates, or affiliates are responsible for any investment losses you may incur as a result of using the information provided herein. Remember that past investment returns may not be indicative of future returns.

Copyright © 1998-2017 ETFOptimize.com, a publication of Optimized Investments, Inc. All rights reserved.