Tuesday, March 18, 2008

copycat uses The Nature Conservancy strategies to bilk taxpayers

Other so-called environmentlist are catching on to the financial tactics used by The Nature Conservancy to rake in some profits for themselves. Not surprisingly, The Nature Conservancy criticixes other who who the same land brad and development rechnigues that they pioneered wordwide into a multi-billion dollar fortune.

The Baltime Sun reports about a land deal completed a few years ago "Two years ago, the Horseys partnered with David Sutherland and his land-preservation company, the U.S. Land Alliance, to buy a property known as the Kudner farm in Grasonville for $20 million. Last year, U.S. Land Alliance sold a 271-acre piece of the farm to the state and Queen Anne's County for $5 million. The deal generated controversy because the price was higher than two state appraisals and because Sutherland, who used to work for a nonprofit land-conservation group, had served on Gov. Martin O-Malley's transition team. "

This deal has it all - overlapping management, insider deals, overinflated sales at taxpayer expense - all trademarks of The Nature Conservancy. But God forbid anyone else try the same - simply blast them on the destructive effects on the environment.

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