News Articles Exposing Altus Venture
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That crooked law

About this fraud flawed law.  View

Guide to flaws in the law.  View

3 Biggest schemes

Altus Venture $126 million View

Scissortail $90 million  View

Foxborough $300 million  View

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Oklahoma tax credit abusers caught in Colorado land scam.

The financial shell games
About venture capital funding.
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Venture capital (also known as VC or Venture) is a type of private equity capital typically provided to early-stage, high-potential, growth companies where the rewards are years out and carry a high risk.

Venture capital is a special kind of funding to create a foundation for building the businesses that will replace today's diminishing industry and jobs. Oklahoma's venture tax credit program was intended to incentivize that venture capital funding needed by rewarding investors tax credits worth 20 to 30% of their at risk investment.

More on venture capital

 

Altus Venture used Quartz Mountain Aerospace as the business venture or target company to scam $126 million in tax credits to pay $2 in every $1 it promisied investors for investing in QMA. In return for the investment Altus Venture received controlling interest in QMA, control of the board directors and control of the company. Naturally we see the same practices used in managing QMA as we do with all Altus Venture and its affilates. More on Quartz Mountain Aerospace
Altus Venture
Altus Venture overview View
Altus group sued over Colorado resort area fraud - FSB Bancorp Altus and subsidaries View
Insurance troubles for furloughed workers in Altus - Quartz Mountain Aerospace View
Altus firm leaves its employees out in cold - Quartz Mountain Aerospace View
QMA announced downsizing and ceased operations View
Heat's on tax credit program View
Tax credits cost state millions View
Tax credits await changes View
Boon for Companies-Including Insurers-and Wealthy View
Calvey gets big donations from venture capitalists View
House moratorium scratched View

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