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'Mystery company' buys land worth $800M near Travis AFB, raising concerns

abc7news.com

11–20 of 177 posts

Re: 'Mystery company' buys land worth $800M near Travis AFB, raising concerns

#11
This is an incredibly silly story. Everything about this ownership is in public records. Flannery Assoc. has been openly buying land in this are for over 5 years and have spent over a billion dollars and sued dozens of parties. Everyone knows what they are doing. They want to lease the land for energy infrastructure.

Re: 'Mystery company' buys land worth $800M near Travis AFB, raising concerns

#12

WSJ has a map (and more details) https://archive.is/PcfBc - "“Nobody can figure out who they are,” said Ronald Kott, mayor of Rio Vista, Calif., which is now largely surrounded by Flannery-owned land."

"Mayor of Rio Vista unaware of California business entities database, according to Mayor of Rio Vista"

Re: 'Mystery company' buys land worth $800M near Travis AFB, raising concerns

#14
Towards the end of the article is this depressing nugget:

" Nearly one in five homes were purchased by investors in early 2023, including LLCs and other corporate entities, according to data compiled by real-estate firm Redfin of more than 40 of the largest U.S. metro areas. "

Re: 'Mystery company' buys land worth $800M near Travis AFB, raising concerns

#15
Setting aside the national security question, more broadly it's pretty insane that the USA lets companies hide who owns/controls them. When you decide to hang out your shingle and profit at the expense of the general public, I would say the general public has a genuine right to know who you are.

Reminds me of how Disney used aliases and codenames and shell companies and secretive ownership structures to buy up all the land for Disney World in Florida[1], so that sellers didn't know who was behind it. This should be illegal.

1: https://www.wesh.com/article/disney-world-beginnings/3780786...

Re: 'Mystery company' buys land worth $800M near Travis AFB, raising concerns

#16
post #12

WSJ has a map (and more details) https://archive.is/PcfBc - "“Nobody can figure out who they are,” said Ronald Kott, mayor of Rio Vista, Calif., which is now largely surrounded by Flannery-owned land."

"Mayor of Rio Vista unaware of California business entities database, according to Mayor of Rio Vista"

[deleted]

Re: 'Mystery company' buys land worth $800M near Travis AFB, raising concerns

#18
post #11

This is an incredibly silly story. Everything about this ownership is in public records. Flannery Assoc. has been openly buying land in this are for over 5 years and have spent over a billion dollars and sued dozens of parties. Everyone knows what they are doing. They want to lease the land for energy infrastructure.

flannery assoc is a shell company. who's providing the money for purchasing farmland at 5-10x its worth?

can you name a single officer of flannery assoc?

Re: 'Mystery company' buys land worth $800M near Travis AFB, raising concerns

#19

Setting aside the national security question, more broadly it's pretty insane that the USA lets companies hide who owns/controls them. When you decide to hang out your shingle and profit at the expense of the general public, I would say the general public has a genuine right to know who you are. Reminds me of how Disney used aliases and codenames and shell companies and secretive ownership structures to buy up all th…

>Over a veto of President Trump, on January 1, 2021, the Corporate Transparency Act (“CTA”) went into effect as part of the National Defense Authorization Act (“NDAA”). The CTA, many years in the making, introduces major changes to transparency requirements of entities registered in the United States. No longer can anonymous shell companies, limited liability companies, and the like hide the identities of their owners.

https://corpgov.law.harvard.edu/2021/02/04/the-end-of-the-an...

Re: 'Mystery company' buys land worth $800M near Travis AFB, raising concerns

#20

Maybe a bit off topic, but my first thought was wondering whether the OSINT community would get any further with figuring out who it was, but I then realised, the OSINT community often look successful because they publish, but we don't know if "closed source" intelligence knows the same things or is even more successful, but just doesn't publish. Does anyone have any evidence one way or another? Are OSINT thinking ou…

Judging by OSINT Twitter, the OSINT community is 100% confident in whatever the next day turns out to be the opposite of reality.
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