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Title: BLM Has 60 Days To Come Clean About Financials After California DOJ Sends Scorching Demand Letter
Source: [None]
URL Source: https://www.zerohedge.com/political ... california-doj-sends-scorching
Published: Feb 2, 2022
Author: Tyler Durden
Post Date: 2022-02-02 20:22:21 by Horse
Keywords: None
Views: 38

The leaders of Black Lives Matter have 60 days to produce information about the charity's $60 million bankroll, according to a letter from the California DOJ to the activist organization obtained by the Washington Examiner.

And as the Examiner notes, the letter comes just days after they uncovered that BLM has no known leader in charge of its giant war chest since its co-founder resigned in May - and that the Los Angeles address they list on their tax filings is wrong.

"The organization BLACK LIVES MATTER GLOBAL NETWORK FOUNDATION, INC. is delinquent with The Registry of Charitable Trusts for failing to submit required annual report(s)," reads the letter from California AG Rob Bonta.

BLM is also prohibited from "soliciting or disbursing charitable funds" in California until it submits its 2020 Form 990 and other financial records to the state, the California DOJ informed the charity Monday. The letter added that the Black Lives Matter Global Network Foundation, the legal entity that represents the national BLM movement, faces fines for "each month or partial month for which the report(s) are delinquent."

"Charitable assets cannot be used to pay these avoidable costs," the California DOJ warned BLM. "Accordingly, directors, trustees, officers and return preparers responsible for failure to timely file the above-described report(s) are personally liable for payment of all penalties, interest and other costs incurred to restore exempt status." -Washington Examiner

If they fail to come clean, California may revoke BLM tax-exempt status and impose fees, in addition to holding directors personally liable.

Poster Comment:

The AG is a Mexican. No love for Blacks there.

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