Posted on 08/16/2023 10:06:12 PM PDT by thecodont
One of the biggest mysteries in Solano County may be one step closer to being solved.
Since 2018, a shadowy company called Flannery Associates has been buying up land around Travis Air Force Base — so much land, in fact, that it is now the biggest property owner in the county. Its land now surrounds the military base on three sides, said Congressman John Garamendi, who represents California’s 8th District.
In July, the story went public when the Wall Street Journal published a report about how Flannery Associates has spent nearly $1 billion in land acquisitions in the county. Because the group incorporated in Delaware, state regulations mean there is no public paper trail of who is behind the limited liability company. Even government officials are stumped, prompting Garamendi to publicly voice his concerns that it could be a national security issue.
[...]
Now, a government probe into Flannery’s investors may be in the works.
CNN first reported that the Committee on Foreign Investment in the United States may be looking into the secretive purchases. CFIUS, which falls under the Treasury Department’s purview, has the power to review certain real estate or investment transactions by foreign buyers to determine if there is a security risk to the United States.
(Excerpt) Read more at sfgate.com ...
BKMK
You, funny man.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.