The radical left-wing group Black Lives Matter (BLM) has benefited from a flood of donations following the death of George Floyd almost two years ago.
However, that flood may begin ebb following reports that California’s attorney general is threatening to revoke the organization’s tax-exempt status due to potentially criminal mishandling of finances.
BLM told to provide tax records
On Wednesday, Fox News cited a letter obtained by the Washington Examiner in which state Attorney General Rob Bonta warned that “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).”
“An organization that is delinquent, suspended, or revoked is not in good standing and is prohibited from engaging in conduct for which registration is required, including soliciting or disbursing charitable funds,” Bonta continued.
Bonta’s letter, which was signed on January 31, went on to explain steps the group would have to take in order to resume its spot on The Registry of Charitable Trusts.
This includes both paying a renewal fee and submitting an IRS 990 form along with its state equivalent detailing its financial activities.
Further, Bonta went on to caution that individual BLM leaders will be “personally liable for payment of all late fees” for “each month or partial month for which the reports are delinquent.”
Bonta is not the only state official looking into BLM’s finances, as the Examiner also reported that Indiana Attorney General Todd Rokita has questions as well.
Former leader spent millions of dollars on luxury homes
“It appears that the house of cards may be falling, and this happens eventually with nearly every scam, scheme, or illegal enterprise,” the paper quoted Rokita, a Republican, as saying during an interview.
“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.”
BLM has long been dogged by rumors concerning what it has done with the tens of millions of dollars that donors have provided to it.
Those rumors grew louder after the New York Post revealed last year that co-founder and former leader Patrisse Khan-Cullors has purchased multiple luxury homes worth millions of dollars.