Something is rotten in California. It was bad enough when we heard that BLM paid nearly $6 million dollars for a house, but what we have found out since sounds downright criminal. By paying cash, they didn’t get the same scrutiny you would have if you take on a mortgage. A bank would look to see when a house was bought and for what price. The fact that the house sold for just $3.1 million dollars just six days before it sold for $5.8 million would raise red flags.
To make it even more suspicious is that it was a BLM-linked developer that flipped the house. He made a huge profit, but what about the BLM members who made the purchase? You have to wonder, especially since there doesn’t appear to be a great need to own the house for BLM. And when you look and see the steps they took to make the purchase a secret, you just have to wonder, don’t you?
In October 2020, two weeks after BLM received a $66.5 million cash infusion from its fiscal sponsor, hired a man close to the group’s founder, Patrisse Cullors to make the purchase. Dyane Pascall, the financial manager for Janaya and Patrisse Consulting, owned by Cullors and her wife, Janaya Khan, bought the house for cash in an effort to hide the purchase. Six days later Pascall transferred the property to an LLC named after the property’s address.
It turns out, the BLM-linked developer paid $3.1 million for the same mansion just 6 days earlier, the New York Post reported:
The house was purchased by Dyane Pascall, a real estate developer who worked for Janaya and Patrisse Consulting, a for-profit firm run by BLMGNF co-founder Patrisse Cullors and her partner Janaya Khan.
On October 21, 2020, property records show that Pascall bought the mansion from televangelists Shawn and Cherie Bolz. The sale price for both parcels of land was $3.1 million, Shawn Bolz told The Post Tuesday.
Pascall purchased the property two weeks after the California Attorney General approved a $65 million transfer from Thousand Currents, the charity which collected donations on behalf of BLMGNF. The group has delayed its reporting to the IRS, and not yet disclosed where that money has gone.
Two days after the purchase, on October 23, lawyers for the Democratic law firm Perkins Coie incorporated a limited liability company (LLC) in Delaware named for the mansion’s address. Four days later — on October 27 — the home was transferred to the company for $5.8 million, records show. Property records also show that no transfer taxes were charged. BLMGNF is a tax-exempt charity.
“A review of property assessment records show the value of the mansion BLMGNF purchased skyrocketed while all the neighboring properties saw an average of less than a five percent increase,” said Tom Anderson, director of the Government Integrity Project at the National Legal and Policy Center.
“This raises serious questions concerning the purchase price of the house and the way the transaction was handled through cash and a shadowy LLC,” Anderson said.
The purchase took place in close proximity to four houses purchased by Cullors for $3.2 million dollars.