{"id":1755952,"date":"2022-11-30T05:18:32","date_gmt":"2022-11-30T10:18:32","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1755952"},"modified":"2022-11-30T05:18:38","modified_gmt":"2022-11-30T10:18:38","slug":"stacey-abramss-nonprofit-worked-to-purchase-multimillion-dollar-properties-shortly-before-it-sacked-employees","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/stacey-abramss-nonprofit-worked-to-purchase-multimillion-dollar-properties-shortly-before-it-sacked-employees\/","title":{"rendered":"Stacey Abrams\u2019s Nonprofit Worked To Purchase Multimillion-Dollar Properties Shortly Before It Sacked Employees"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">26<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fstacey-abramss-nonprofit-worked-to-purchase-multimillion-dollar-properties-shortly-before-it-sacked-employees%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1755952&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>The New Georgia Project had $11 million in its investment account in August when it set out to pay $2.45 million in cash for a sprawling Atlanta compound. Less than two months later, the organization dismissed half its leadership staff, citing a lack of funds.<\/p>\n<p>A series of internal documents and correspondences obtained by the <em>Washington Free Beacon<\/em> reveals the bizarre circumstances surrounding the real estate deal, which several parties close to the matter say are indicative of a leadership crisis within the Stacey Abrams-founded group. The deal was spearheaded by Erin Ferguson, a junior New Georgia Project staffer who in a group text urged senior leadership in late August to sign a letter of intent to purchase the two adjacent properties and swiftly pay a $30,000 non-refundable deposit.<\/p>\n<p>But a former New Georgia Project senior executive told the <em>Free Beacon<\/em> that the rush to purchase the properties was strange, noting that the buildings needed at least $288,000 in repairs to be compliant with the Americans with Disabilities Act. The group was already locked into a $15,000-per-month lease at its current office through 2025, the former senior executive said.<\/p>\n<p>The real estate deal is the latest murky financial situation involving the New Georgia Project. The group, which was founded to register non-white voters and once helmed by Sen. Raphael Warnock (D., Ga.), <a href=\"https:\/\/freebeacon.com\/democrats\/new-georgia-project-misses-tax-deadline\/\" target=\"_blank\" rel=\"noopener\">missed<\/a> the deadline to file required financial disclosures to the IRS. The\u00a0<a href=\"https:\/\/freebeacon.com\/elections\/days-before-election-stacey-abramss-poster-child-voter-registration-group-is-in-turmoil\/\" target=\"_blank\" rel=\"noopener\"><em>Free Beacon<\/em><\/a> reported this month that the group&#8217;s top accountant was fired after claiming he was unable to work there out of fear of breaking the law.<\/p>\n<p>According to an Aug. 26 letter of intent obtained by the <em>Free Beacon<\/em>, the New Georgia Project sought to purchase the properties from Global Resource Partners, LLC. But Global Resource Partners never owned the properties. A real estate agent representing the Sheet Metal Workers Building Association, which owns the compound, told\u00a0the <em>Free Beacon<\/em> that Global Resource Partners\u00a0went under contract to buy the properties for around $1.92 million during the same timeframe the LLC was ostensibly trying to sell the properties to the New Georgia Project.<\/p>\n<p>The real estate agent was surprised to learn that Global Resource Partners was simultaneously trying to flip the properties for at least $530,000. He added that he couldn&#8217;t recall hearing about the New Georgia Project until contacted by the <em>Free Beacon<\/em> on Nov. 21.<\/p>\n<p>&#8220;It makes you wonder why someone would go so far, put<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The New Georgia Project had $11 million in its investment account in August when it set out to pay $2.45 million in cash for a sprawling Atlanta compound. Less than two months later, the organization dismissed half its leadership staff, citing a lack of funds.<br \/>\nThe post Stacey Abrams\u2019s Nonprofit Worked To Purchase Multimillion-Dollar Properties Shortly Before It Sacked Employees appeared first on Washington Free Beacon.<\/p>\n","protected":false},"author":1501,"featured_media":1755955,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[544],"tags":[],"class_list":["post-1755952","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-free-beacon"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1755952","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1501"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1755952"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1755952\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1755955"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1755952"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1755952"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1755952"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}