Taking the Public Trust: How a New York Real Estate Developer Is Threatening State Governments in the West
Publication Date: November 2006
Publisher(s): Public Citizen, inc.
Author(s): John O'Donnell
Keywords: ballot; campaign; real estate; development
Coverage: United States
A wealthy New York developer holds leadership positions in groups that have funneled more than $8.5 million into statewide campaigns in an attempt to enact ballot initiatives in eight states that would eviscerate environmental protections while threatening to bankrupt state treasuries. New York state's Division of Corporations has more than a half-dozen companies that are connected to Rich and registered at the same New York City address he uses. In Securities and Exchange Commission filings, Rich describes himself as "involved in general securities management, venture capital, real estate and business consulting."