Ornstein-Schuler Subpoenaed in Investigation of Syndicated Conservation Easements

According to a Senate Press Release:

Senate Finance Committee Chairman Chuck Grassley (R-Iowa) and Ranking Member Ron Wyden (D-Ore.) have issued subpoenas for documents in their bipartisan probe of syndicated conservation-easement transactions. Generally, conservation easements are a legitimate tax tool to promote land conservation, but some of them in recent years may have allowed some taxpayers to profit from gaming the law—depriving the government of billions in revenue.

Grassley and Wyden issued the following joint statement.

“As we’ve both said all along, conservation easements have very legitimate purposes. We need to protect those purposes and protect the American taxpayer. If a handful of folks can game the system for profit, then we’re all left holding the bag. We expect fulsome cooperation with our investigation, and it’s unfortunate we’ve had to resort to compulsory process. Ultimately, when Congress makes an inquiry, it needs to be answered. It’s not optional.”

Six individuals were served subpoenas: Matthew Campbell, Robert McCullough, Matt Ornstein, Eugene “Chip” Pearson, Mark Pickett and Frank Schuler. Grassley and Wyden are seeking compliance with documents requests that they made when they launched the probe in March.

Ornstein-Schuler Discontinues Conservation Easement Offerings

According to a Press Release by Ornstein-Schuler:

Given recent developments and the uncertainty related to the conservation and gifting of property, Ornstein-Schuler will no longer be involved in donations of conservation easements and/or fee simple donations. [Ornstein-Schuler] remains excited and optimistic about offering other investment opportunities that do not have a conservation option available.

If You Invested in an Ornstein-Schuler Conservation Easement, You May Have Lost a Substantial Amount of Money

Contact us Today if You Invested in Any of These Conservation Easements:

• Aquatic Creek Group, LLC    

• Ash Resources Group, LLC

• Avalon Resources Group, LLC

• Bama Soil Partners, LLC

• Barn Creek Partners, LLC

• Big Anvil Partners, LLC

• Canary Creek Partners, LLC

• Centerland Group, LLC

• Cherry Rock Group, LLC

• Chimney Rock Group, LLC

• Crimson S&G Group, LLC

• Cypress Rock Group, LLC

• Deer Valley Group, LLC

• Dome Mantle Partners, LLC

• Dover Cliff Partners, LLC

• Dry Creek Partners, LLC

• Dynamite Creek Partners, LLC

• Echelon Waters Group, LLC

• Edge Rock Partners, LLC

• Elbow Creek Group, LLC

• Falling Rock Group, LLC

• Fantail Holdings Partners, LLC

• Farm River Partners, LLC

• FG River Partners, LLC

• Field View Group, LLC

• Galley Resources Partners, LLC

• Giant Aggregates Partners, LLC

• Green Cove Group, LLC

• Greenview Group, LLC

• Gulf Land Group, LLC

• Halyard Holdings Group, LLC

• Hard Rock Partners, LLC

• Harrow Aggregates Partners, LLC

• Hillside View Partners, LLC

• Huston Minerals Partners, LLC

• Igneous Rock Group, LLC

• Imperial Aggregates Group, LLC

• Inshore Group, LLC

• Iris Partners, LLC

• Jackson River Partners, LLC

• JC Aggregates Partners, LLC

• Jet Rock Partners, LLC

• KC Aggregates Group, LLC

• KR Stone Group, LLC

• Little River Partners, LLC

• LM Bass Partners, LLC

• Low Angle Group, LLC

• Lowland Creek Partners, LLC

• Magnolia River Group, LLC

• Manatee Minerals Group, LLC

• Mattock Holdings Group, LLC

• Nassau River Partners, LLC

• Oak Bayou Group, LLC

• Orange Stone Group, LLC

• Orange Woods Partners, LLC

• Palmetto Waters Group, LLC

• Quail Rock Group, LLC

• Quality Minerals Partners, LLC

• Quality Stones Group, LLC

• Quorum Holdings Partners, LLC

• Regional Minerals Partners, LLC

• Reliable S&G Group, LLC

• Riddle Aggregates Group, LLC

• Sailfish Cove Group, LLC

• Spade Rock Partners, LLC

• Sterling Land Partners, LLC

• Sunfish Cove Group, LLC    

• Upland Creek Partners, LLC

• Yellowhammer S&G Group, LLC

• Yield Rock Group, LLC

• Zenith Aggregates Partners, LLC