Report: Black Lives Matter hid the purchase of $6 million Studio City, Los Angeles mansion

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The following contains editorial content which is the opinion of the writer. 

LOS ANGELES, CA- In another scandal involving Black Lives Matter, information has come forth about yet another real estate investment made by the “nonprofit,” this time the purchase of a $6 million Los Angeles mansion in October 2020.

The person who facilitated the purchase claims the purchase was “all done above board,” yet refused to answer questions about his involvement in the purchase, the Washington Examiner reported.

According to public real estate transaction records, that man, Dyane Pascall, a so-called “nonprofit real estate investor” who happens to have ties with “trained Marxist” BLM co-founder Patrisse Cullors, purchased the property on Oct. 21, 2020, for $5,889,000 cash.

A mere six days later, records show Pascall transferred the property’s deed to a LLC owned by the Black Lives Matter Global Network Foundation, the charity that represents the national BLM movement and which appears to act as a money laundering operation for the benefit of the founders such as Cullors.

The Examiner reached out to Pascall via phone, however he claimed he had never “touched any money” during the transactions and when the outlet pressed for further information, Pascall apparently got snarky and said, “I don’t owe you an explanation.”

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

Pressed by the Examiner for information as to where the funds for the purchase came from, or why public records show he owned the property outright for six days before transferring it to BLM, Pascall refused to answer.

“Who are you and why do I need to talk to you about anything?” Pascall asked the investigative reporter from the Examiner. “This is an investment that an organization has the right to do if you know anything about nonprofit law.”

During the phone call, Pascall claimed the call with the outlet was “off the record,” however the outlet claimed that wasn’t agreed to beforehand.

The property purchase came shortly after the organization got $66.5 million from its former fiscal sponsor, which occurred on Oct 6, 2020. BLM said they used Pascall and the LLC as “middlemen” for the purchase to “avoid exposing BLM’s assets to any litigation or liability.”

The Los Angeles property was referred to as the “Campus” in internal communications, according to New York Magazine. The mansion has room for 24 cars, a 2,300 square foot engineered sound stage, custom staircases, Italian fireplaces, and seven bedrooms,” the magazine said.

“This home is not just a home—it’s like, four structures,” Pascall told the Washington Examiner. “It’s a film studio, sound stage, commercial space, office space. It’s a campus. It’s got 20 parking spaces to people can come and work. It’s not a home per se. It’s an actual campus space for people to work from.”

That seems to fly in contrast to since-deleted videos posted on Cullors’s personal YouTube channel, which seemed to indicate the mansion was being used for the private benefit of BLM’s co-founders, an assertion also noted by some watchdog groups.

The Examiner reached out to California’s Office of the Attorney General, which approved the transfer of funds to BLM in October 2020, however they declined to comment on the mansion purchase.

“To protect its integrity, we are unable to comment on, even to confirm or deny, a potential or ongoing investigation,” the office told the Washington Examiner.

Cullors made the absurd claim last week that the home purchase was concealed because it “needed repairs and renovation.”

That flies in face of reality, with some who had direct knowledge of the property sale telling the Washington Examiner that the mansion had received significant renovations prior to the October 2020 sale.

There was also some misinformation about the sale, which had been previously reported by the New York Post as having been sold to Pascall for $3.1 million and then sold to BLM’s LLC six days later for $5.8 million. The source told the Examiner that was not true.

“That doesn’t even make sense. $3.1 million? I think he’s confused. Maybe that’s what he’s saying he made on it,” the source told the Washington Examiner.

Pascall also disputed the New York Post’s reporting.

“No, I did not buy the house for $3.1 million and sell it for $5.8 million. That would be ridiculous.”

In February 2021, BLM issued an “impact report” in which it claimed $8.4 million in operating expenses while disbursing $21.7 million in grants to outside organizations in 2020. That year, the group took in some $90 million from virtue signaling companies and businesses in the wake of George Floyd’s overdose death while in Minneapolis police custody.

The Examiner noted it isn’t clear if the $6 million mansion purchase was counted as an operating expense or a grant. The outlet reached out to BLM for comment, however none was received.

According to Pascall, all the pertinent information about BLM’s real estate purchases will be revealed when the group files its Form 990 tax return, due in to the IRS by mid-May.

“It will explain everything you need to know,” Pascall said. “I don’t need to talk about this. All I know is I’m fine. If you want to report some bullshit, that’s on you brother.”

BLM has amassed itself a tidy real estate portfolio since it began to take advantage of Floyd’s death, with the Studio City property being at least the third known mansion purchased by the group and its co-founder since May 2020. Law Enforcement Today previously reported on the organization’s purchase of a mansion in Toronto, Canada in July 2021 for the equivalent of $6.3 million.

Meanwhile Cullors purchased a mansion in the lily-white Los Angeles neighborhood of Topanga Canyon in April 2021 for $1.4 million. BLM claims that no charitable resources were used to finance Cullors’ home purchase.

https://fundourpolice.com/

For more on BLM’s forays into the wonderful world of buying real estate with other people’s money, we invite you to:

DIG DEEPER

TORONTO, CANADA- What Black Lives Matter did with some of that missing $60 million that is unaccounted for is starting to come into focus.

The New York Post reports that the shakedown organization transferred in the neighborhood of $6.3 million in cash to purchase a Canadian mansion that at one time served as the headquarters of the Communist Party,” according to public records.

Moreover, the money was transferred to a Canadian charity run by the wife of BLM co-founder Patrisse Cullors, Janaya Khan in order to make the purchase. The non-profit, M4BJ is a Toronto-based nonprofit set up by Khan, according to Toronto property records viewed by the Post.

Cullors is of course one of the cofounders of the Black Lives Matter Global Network and a self-professed Marxist.

Cullors resigned from the group in disgrace last year after it was found she had spent over $3 million on homes in Georgia and Los Angeles. Cullors denied BLM donations were used to buy the homes, but it doesn’t appear that Cullors has worked a real job in some time.

After it was reported that over $60 million seemed to have gone missing, or at least unaccounted for from BLM, people started to examine the finances of the group and its founders. The property, formerly known as the Wildseed Centre for Art and Activism came to light as concerns mounted over BLM’s lack of transparency into its financing.

The purchase of the Canadian property was slammed by two senior members of BLM who resigned from the group earlier this month over funding of the building.

“For BLM Canada to take money from BLM Global Network for a building without consulting the community was unethical,” tweeted Sarah Jama last month. “For BLM Canada to refuse to answer questions from young black organizers goes against the spirt of movement building.”

According to a report in the Washington Examiner, which was reported on by Law Enforcement Today earlier this month, BLM Global Network is under scrutiny after two activists who had been put in place to manage the organization after Cullors’ departure abruptly left in September.

Makani Themba and Morifa Bandele told the Examiner that they didn’t know who was now managing the foundation’s over $66 million windfall from George Soros’ Thousand Currents, which previously laundered the groups donations.

“We wish [the foundation] the best and hope that someday soon there will be established a leadership structure that draws on the strengths of Black Lives Matter’s Grassroots Network, the entity where its organizing work resides,” they said in a joint statement on Twitter at the time.

Newsmax reports that BLM was founded in 2013 by Cullors, Alicia Garza and Opal Tometi after Trayvon Martin was killed by George Zimmerman in Florida in 2013. Zimmerman was acquitted of all charges.

According to Influence Watch, the group’s aim was to “build local power and to intervene in violence inflicted on Black communities by the state and vigilantes.”

In October 2020, Thousand Currents transferred the money to Black Lives Matter Global Network Foundation when it cut ties with the group, public filings showed.

“Unfortunately, this appears to be an epic abuse of public trust in which an entire movement’s resources are being squandered on the whims and financial mismanagement of one person and their inner circle of friends and family,” said Tom Anderson, director of the Government Integrity Project of the National and Legal Policy Center, a Virginia-based watchdog group.

The Post said they reached out to both Black Lives Matter as well as the Canadian nonprofit for comment, however the requests went unanswered.

Report: Black Lives Matter hid the purchase of  million Studio City, Los Angeles mansion

For our prior report on the missing Black Lives Matter funds, we invite you to:

DIG DEEPER

The following contains editorial content which is the opinion of the writer, a retired Police Chief and current staff writer for Law Enforcement Today. 

Ever hear the saying “You’ve been played?” Congratulations Amazon, Apple, Target, Microsoft, Levi’s, and others…you’ve been played.

Of course the warning signs were all there, but you chose to be woke social justice warriors and it cost you not only money but probably a good number of customers.

Now, the Washington Examiner reports that millions of dollars in Black Lives Matter donations are unaccounted for. Hate to say we told you so, but…

According to the Examiner, the organization appears to have put the “wrong address” on its tax forms, and two board members for the “charity” won’t divulge who controls its $60 million in funds, an investigation by the news outlet discovered.

The organization lists a Los Angeles office building as its address on its 2019 IRS 990 form, however according to a security guard, they don’t have an office there.

“Oh, they don’t have an office here,” the security guard said of the two-story building near downtown LA. “We get a lot of packages being dropped off for them, and we say to take the packages back because there is no Black Lives Matter here.”

The tax form lists the shakedown group’s address as being 3655 South Grande Ave., Los Angeles, CA., however no such street with the Spanish spelling of “grand” exists in the city. There is a “Grand Avenue” in a differ

ent zip code in the city.

After an inquiry was made, Black Lives Matter responded in order to “clear up” the mystery. It didn’t work.

‘In response to your request for a copy of Black Lives Matter Global Network Foundation’s 2020 Form 990, we wish to inform you at this time we do not maintain a permanent office.”

Huh?

All of this raises more questions than it answers a number of charity experts told the Examiner.

“Like a giant ghost ship full of treasure drifting in the night with no captain, no discernible crew, and no clear direction,” CharityWatch Executive Director Laurie Styron said of Black Lives Matter.

Last May, Black Lives Matter co-founder and now real estate tycoon Patrisse Cullors allegedly appointed two activists to serve as the organization’s senior directors after she resigned over questions concerning her newly-acquired real estate prowess.

However both announced without much fanfare last September that they never took the positions due to disagreements with the organization. They told the Washington Examiner they don’t know who is now in charge of the country’s most influential social justice and shakedown organization.

According to Paul Kamenar, counsel for conservative watchdog group the National Legal and Policy Center, a full audit and investigation into the Black Lives Matter Global Network Foundation is more than warranted.

“This is grossly irregular and improper for a nonprofit with $60 million in its coffers,” Kamenar complained.

It was last April that Cullors suddenly became a real estate tycoon, as reported by the New York Post. The self-avowed “trained Marxist” dropped some $3.2 million on real estate throughout the United States. That came after a February report that showed the organization closed out 2020 with $60 million in its bank accounts.

At that time, Black Lives Matter denied that Cullors had spent organizational funds on personal properties.

Real estate investments weren’t the only questionable transactions made by Cullors, when the Daily Caller reported that Black Lives Matter and other activist groups under her control offered lucrative contracts to an art company led by the father of her only child.

When Cullors stepped down last May, she named Makani Themba and Monifa Bandele as new leaders of the group as senior executives. However in September they said they never assumed those roles due to disagreements with BLM’s “acting Leadership Council.”

Two men arrested and charged with the attempted murder of a Chicago cop after shooting him during a traffic stop

Both women told the Examiner they don’t know who took over as BLM’s top executive after they left, nor would they reveal who served on the council.

“We never actually started in the position, so we never received any detailed information,” Themba said.

Typically, a charity’s finances are the responsibility of its board of directors, however in the case of BLM, their bylaws state that its executive director “shall have charge of all funds and securities of the Corporation.”

The Examiner said the two remaining members of BLM’s board—Shalomyah Bowers and Raymond Howard didn’t return numerous requests for comment seeking information asking who was in charge of the organization and its money since Cullors jumped ship in May.

Bowers served in the capacity of treasurer for a number of activist organizations run by Cullors, including BLM PAC as well as a Los Angeles bail reform group where Cullors was paid $20,000 a month, and which dropped a cool $26,000 for “meetings” in Malibu Beach at a luxury resort in 2019.

The Examiner said Bowers refused to comment when reached by phone last week.

While Howard had previously spoken openly about his work with BLM on social media platforms such as Facebook, he has recently pulled back in an attempt to conceal his role with the group.

For example, his LinkedIn profile as of last week only stated he is the director of operations for “An International Social Justice Organization.” Curiously, his page was modified after the Examiner contacted him for comment and now only reads that he’s director of operations for a “Non-Profit.”

In addition to apparently trying to hide any affiliation with Black Lives Matter, Howard also removed a reference to his position as the “finance and operations manager” of a consulting firm, New Impact Partners based in Dayton, Ohio, which is owned by his sister.

Moreover, up until last Friday, a website for that firm attributed a quote to “Raymond” from Black Lives Matter Global Network Foundation,” thanking the consulting firm for its help solving Black Lives Matter’s organizational challenges. That attribution was removed from the website after the Washington Examiner asked Howard how much BLM has paid his sister’s firm, they said.

Despite going out of its way to distance itself from BLM, New Impact Partners is still seeking applications for its “Talent Network,” which it says will connect job applicants directly to BLM and other activist organizations.

All of this evasion is raising red flags as noted by charity expert Doug White, who says it’s curious that the organization refuses to answer what are considered basic questions about its finances and/or leadership structure.

“Sixty million dollars is not chump change,” White said. “What BLM does is of tremendous social importance. That they won’t give an honest or complete or straightforward answer in regards to its leadership is a concern. Not only do they not have an executive director right now, we think, but they also don’t want to tell you how the organization is being run.”

Black Lives Matter came into prominence in 2020 after the George Floyd drug overdose death while in Minneapolis police custody. While his death was attributed to a Minneapolis officer kneeling “on his neck,” he had other comorbidities such as drug use, weight and other conditions which contributed to his death.

Black Lives Matter seized upon Floyd’s death to shake down businesses and individuals to donate for “social justice” and “equity” while making the claim the criminal justice system is “systemically racist” despite zero evidence to support it.

For much of that year, the organization laundered donations through two George Soros-affiliated “charities”—Thousand Currents and the Tides Foundation, which served as the group’s fiscal sponsors, the Examiner said.

However late in 2020, the IRS granted the organization tax-exempt status, which enabled the group to operate as an independent charity, no longer tied to the Soros-affiliated charities. In recently audited financial statements, Thousand Currents said that it transferred $66.5 million directly into BLM’s coffers in October 2020.

The Examiner reported that on Sept. 16, 2020, Cullors signed an asset transfer on behalf of BLM, according to a copy of the agreement the outlet received from the California Office of the Attorney General.

Last February, BLM published a report claiming it incurred $8.4 million in operating expenses in 2020, while closing out the year with $60 million under its control.

However in August 2020, BLM told the IRS it expected to incur $12,706,366 in “professional fees” expenditures during the same year, which was $4.3 million higher than the top-line annual spending figure reported to the public in February 2021.

Kamenar is calling for a “full audit” of the organization to clear up the spending discrepancy.

“Bottom line: Lot of questionable financial activity, organizational structure, location of the books, etc. that call for a full investigation,” Kamenar said.

The Examiner said that had BLM filed their Form 990 tax return for 2020 on time, due last November, it would possibly help clear up the discrepancy of $4.3 million.

It was when the Examiner went to the “charity’s” “office” in Los Angeles to request a copy of the Form 990 in person that it was discovered the charity doesn’t in fact maintain an address at that location.

According to Alan Dye, a partner at Webster, Chamberlain & Beam, who specializes in nonprofit law, he told the Examiner that charities that don’t submit the required Form 990 on time could face fines from the IRS, as well as some state-level charity oversight agencies. It is doubtful, given BLM’s apparent sway over politicians that any such move would be made.

Meanwhile, Styron, the CharityWatch executive director noted that Form 990s are public record and that BLM was remiss in not having the form completed by now.

“Irrespective of where any person falls on the political spectrum, or what their position is on any social justice issue, hopefully we can all agree that tax-subsidized public charities have an ethical responsibility to be transparent with the public about how they are operating and how the donations they receive are being used,” Styron said. “The amount of money involved here is not insignificant.”

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