Do you consider this technique “BAD”?

Question

Sometimes you need to skip execution of part of a method under certain non-critical error conditions. You can use exceptions for that, but exceptions generally are not

Answer 1

This is convoluted and confusing, I would scrap it immediately.

Consider this alternative:

private void DoSomething()
{
   // some code
   if (some condition)
   {
      return;
   }
   // some more code
   if (some other condition)
   {
      return;
   }
   // yet more code
}

Also consider breaking up the code above into more than one method.