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Controversy continues to swirl over the purchase of a $6 million California mansion by Black Lives Matter with a Republican congressman calling for a Justice Department investigation of the 2020 deal amid questions about the group’s financial dealings.
Rep. Darrell Issa spoke with Fox News Digital following a report about the secretive purchase of the property which was paid for in cash using funds that were donated to the Black Lives Matter Global Network Foundation during the months when the organization enjoyed an elevated national profile in the aftermath of the death of George Floyd that was a windfall for BLM.
According to the California Republican, “The disturbing information that we are learning is more than enough to warrant an investigation from the DOJ — and doubtless not the end of all there is to know.”
“This definitely has the suggestion of misappropriation of charitable funds and an abuse of our nonprofit laws,” Issa told Fox News Digital.
The murky nature of the deal for the property which is more than 6,500 square feet has been scrutinized by multiple outlets after it was initially reported by New York Magazine which cited communications, documents and emails that suggested that the “luxury property’s purchase and day-to-day operation suggest that it has been handled in ways that blur, or cross, boundaries between the charity and private companies owned by some of its leaders.”
One major red flag is that BLM’s $5.8 million deal for the Studio City compound came only days after it was initially purchased for $3.1 million by a real estate developer friend of the organization, a whopping difference of $2.7 million which remains largely unexplained.
BLM leaders bought LA mansion for $5.8m from developer friend who paid $3.1m for it just six days earlier https://t.co/sSMGYRmpKb
— Conservative News (@BIZPACReview) April 7, 2022
Two days after the developer Dyane Pascall bought the property, “lawyers for the Democratic law firm Perkins Coie incorporated a limited liability company (LLC) in Delaware named for the mansion’s address,” according to the New York Post, “the home was transferred to the company for $5.8 million, records show.”
Pascall, who effectively served as a middleman for BLM and bought the mansion from a televangelist insisted the transaction has been evasive on details, telling the New York Post that he did not recall the exact price that he paid for the property. “I paid the asking price,” he said.
The developer also denied any impropriety to the Washington Examiner who contacted him by telephone this week. “I don’t owe you an explanation,” he reportedly said.
“I never touched any money. The money went straight to escrow,” Pascall said, adding that he “didn’t purchase the house” but had “assigned it to an LLC,” the outlet reported.
BLM clearly believed that revelations of the nebulous nature of the deal were a threat, reportedly attempting to “kill” the New York Magazine story.
— Conservative News (@BIZPACReview) April 5, 2022
BLM co-founder Patrisse Cullors reacted predictably, assailing the reporter of being racist in a diatribe posted to her Instagram account.
The property, which has been referred to BLM internally as “the complex” has six bedrooms, a pool, and parking for 20 cars, among other luxury features.
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