PHOTO: Dyane Pascall
‘I never touched any money’: BLM-linked real estate agent who bought LA mansion for $3.1million and sold it to the activist group for $5.8million six days later says everything was handled ‘above board’
- Dyane Pascall, who worked for BLM co-founder Patrisse Cullors, bought the 6,500 square foot property in the Studio City district on October 21, 2020
- The original seller, televangelist Shawn Bolz, told The New York Post he sold it for $3.1 million
- Pascall then sold it six days later, on October 27, to a Black Lives Matter foundation for $5.8 million in cash
- The $2.7 million difference is unexplained, but Pascall on Thursday denied Bolz’s claim about the price and insisted he did not make any money off the sale
- Pascall said the strange saga would soon be cleared up, but was unable to offer any documentation to support the claims
A Los Angeles real estate developer who purchased a mansion that he sold to a Black Lives Matter foundation six days later has insisted that the sale was ‘all done above board’ – despite the fact that the house mysteriously increased in value by $2.7 million during that timeframe.
Dyane Pascall bought the 6,500 square foot property in the Studio City district on October 21, 2020.
The seller, televangelist Shawn Bolz, told The New York Post he sold it for $3.1 million.
On October 27, Pascall, who worked for BLM co-founder Patrisse Cullors, sold it to BLM’s foundation, BLMGFN, for $5.8 million.
The sale was in cash, and to a shell company that had been set up just days before in Delaware.
The $2.7 million discrepancy remains unexplained, and Pascall has not responded to DailyMail.com’s request for comment.
On Thursday, Pascall denied that he paid $3.1 million for the house, despite having told the Post that he couldn’t remember how much it was.
Pascall told the Washington Examiner: ‘I never touched any money. The money went straight to escrow.’
Property photos show the luxurious seven-bedroom, 6,500-square foot $6million Los Angeles mansion was reportedly purchased with Black Lives Matter donations
He disputed the New York Post’s reporting.
‘No, I did not buy the house for $3.1 million and sell it for $5.8 million. That would be ridiculous,’ he said.
Neither Pascall, nor Cullors, nor BLM, have been able to explain the mystery about the price.
The California Office of the Attorney General declined to comment on the charity’s mansion purchase.
‘To protect its integrity, we are unable to comment on, even to confirm or deny, a potential or ongoing investigation,’ the office told the Washington Examiner.
Cullors said on Tuesday that BLM concealed the home purchase because it ‘needed repairs and renovation.’
The Post reported that no permits had been sought for upgrades to the 1930s house since its October 2020 sale, and a source described by The Washington Examiner as having ‘direct knowledge of the property sale’ said the mansion received substantial renovations before its October 2020 sale.
Pascall said the confusion would soon be cleared up.
Yet the news of the property, and the questions about its price, cast further doubt about the transparency of BLM’s financial situation.
The reported rapid price inflation ‘raises serious questions,’ ethics experts said.
The purchase of the six-bedroom property was first revealed on Monday by New York Magazine, amid growing questions about BLM’s finances.
The organization in February 2021 said it had taken in more than $90 million in 2020 and still had $60 million on hand, but it remains unclear how that money is being managed or even where it is.
Cullors, the co-founder of the organization, resigned in May 2021 as director of the Black Lives Matter Global Network Foundation (BLMGNF), amid scrutiny of her property empire. She has written best-selling books, and has a contract with Warner Brothers to produce content.
On Wednesday, Cullors, 38, angrily hit back at the questions over cash purchase of the Studio City mansion, describing the criticism as ‘racist and sexist’.
She insisted that the expansive property was bought as a ‘safe space’ for black creatives, activists and thought leaders, and its purchase was never disclosed because it needed renovating.
The property’s patio and outdoor yard features an in-ground pool and cabana
Cullors on Tuesday hit back at questions over the 2020 purchase of the lavish property
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