Attorneys general in California and Washington state asked the Black Lives Matter group to submit delinquent financial disclosures for 2020. Apparently that spooked the group, prompting them to suspend online fundraising beginning Wednesday.
The Washington Examiner published a letter from California Attorney General Rob Bonta, writing to the Black Lives Matter Global Network Foundation (BLMGNF) “that it was prohibited from soliciting or disbursing funds because of its failure to submit an annual report for the 2020 tax year” reports National Review.
The letter was dated January 31, and Bonta threatened to hold the group’s individual leaders personally liable for late fees. Washington’s Attorney General demanded BLM “immediately cease” all fundraising activities there on January 5.
Indiana’s Attorney General Todd Rokita has also raised concerns over BLM’s finances. “It appears that the house of cards may be falling, and this happens eventually with nearly every scam, scheme, or illegal enterprise” Rokita told the Examiner.
“I see patterns that scams kind of universally take: failure to provide board members, failure to provide even executive directors, failure to make your filings available. It all leads to suspicion” he added.
National Review writes:
The group said at the close of 2020 that after raising $90 million, spending $8.4 million in operating expenses and distributing $21.7 million in grants to 33 other organizations, it closed the year with $60 million. The group was not officially registered as a charity with the IRS until late 2020, according to the report. It has previously funneled donations through other liberal charities.
The report confirmed the group’s charity registration is out of compliance in multiple states, including Connecticut, Maine, Maryland, New Jersey, New Mexico, North Carolina, and Virginia.
No one has been publicly named as a replacement of Patrisse Cullors who resigned last May after facing backlash for buying four homes for over $3 million. It is unclear who, if anyone, is overseeing the group’s estimated $60 million bankroll since Cullors’ departure.
BREAKING: Trump ordered to pay over $350M, barred from operating his business in NY in civil fraud case ruling
Former President Donald Trump and his business empire faced a significant setback as a New York judge ruled against them in a civil fraud case brought by New York Attorney General Letitia James. The 92-page ruling, handed down by Judge Arthur Engoron, barred Trump from operating his business in New York for three years and imposed over $350 million in damages.
The case, which unfolded over months of trial proceedings, stemmed from allegations that Trump inflated his assets and engaged in fraudulent practices. Engoron’s ruling cited a litany of charges, including persistent fraud, falsifying records, issuing false financial statements, and conspiracy to commit fraud.
Moreover, the judge imposed restrictions on key figures within the Trump Organization, including Donald Trump Jr. and Eric Trump, barring them from serving in certain corporate roles in New York for a specified period.
Engoron’s scathing assessment of Trump’s testimony during the trial further undermined the former president’s credibility. The judge criticized Trump for evasive responses and irrelevant digressions, highlighting the detrimental effect on his credibility.
In response to the ruling, Trump’s attorney, Christopher Kise, lambasted the court’s decision, alleging political bias and a disregard for established legal principles. Kise argued that the evidence presented during the trial failed to support the allegations of fraud and emphasized Trump’s substantial net worth.
Kise’s assertions were echoed by Alina Habba, another attorney representing Trump, who denounced the verdict as a “manifest injustice” resulting from a politically motivated witch hunt.
Throughout the proceedings, Trump consistently dismissed the trial as politically motivated, accusing both Engoron and James of partisan bias. His legal team also criticized the absence of a jury in the trial, questioning the fairness of the proceedings.
Attorney General Letitia James, who spearheaded the lawsuit against Trump and his organization, portrayed the ruling as a victory for accountability and transparency in business practices. The lawsuit alleged fraudulent conduct and sought substantial financial penalties, a portion of which would contribute to the state treasury.
The fallout from the case extends beyond Trump and his business interests, with implications for the broader business community and the rule of law. The contentious nature of the trial and its outcome underscored deep divisions and raised questions about the integrity of the legal system.
Trump vows to appeal the decision.
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