Altus Ventures Quartz Mountain Aerospace project

Las test on Altus Ventures and QMA.

First, Altus Ventures and QMA worked the state for at least $75 million and likely much more (details below) to bring jobs to the city. While never coming close to the promised 300 jobs.

Recently QMA announced reaching an agreement with the city of Coffeyville KS to move it sheet metal work there. Sheet metal is virtually the entire manufacturing element of an aircraft fabrication facility. The remaining comes from outside vendors. This reduces QMA to an assembly facility.

Now QMA is hiring workers from Coffeyville KS, and paying living expenses to travel to and work in Altus.

QMA (Quartz Mountain Aerospace), who has yet to create revenue, is has gone before the City of Altus, claiming it is broke and asking for another million dollar loan. Threatening employees, some Kansas employees, will not be paid.

What happened to the $221 million Altus Ventures claimed to invest?

This scheme is being operated by a group with a history of financial lawsuits, that used a large donation to muscle their way into helping write this very law they were/are abusing to operate a program where public officials can enjoy hug re profits with no risk without violating the law. fleece the OK public. See See Suspicious Contributions

Lawsuits where Altus Venture Principals were named as defendants in financial wrong doings.

Mountain Adventure Property Investments
Defendants include: FSB BankCorp and its affiliates
Oasis Development, LLC; Global Industrial, LLC; F. Don Anderson;
and
non affiliate Robinson & Sons, LLC an Oregon limited liability company, Randy

Note: FSB BankCorp and its affiliate, Altus Ventures along with its President Paul Doughty is involved

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	Oasis Involvement in Hayden Lake legitation	View
	Lawsuit Recently filed in Denver CO.	View

EZ-Way - Lawsuit Defendants: Altus Ventures, LLC, Bill Grissom, Paul Doughty

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SIL-FLO - Lawsuit Defendants: Paul Doughty, Harold Doughty, Almer E. Ellison, and Rod Fancher.

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$66.3 million is what the Oklahoma's economic development program awarded the Quartz Mountain Aerospace project for the 300 job created. $221,000 per job. $66.3 million should have created 5000 new jobs, not 300!
[Ref N104]

Note: The $66.3 million is in addition to the $9.5 million Quartz Mountain received from the City of Altus and yet even more from the State's Quality Jobs program. The Quality Jobs data is not available, but based on how the program is structured, the number of employees and years, it is reasonable to assume roughly $700,000 plus per temporary job. [Ref A137]. This is probably a stretch to assume each job lasted 3 years, but let's assume that scenario. At $35,000 per employee that puts the total pay received at a little over $100,000 per employee. Meaning if the state paid the entire salary there is still over $600,000 per employee unaccounted?

The investors were promised a return of $2 for every $1 invested in the $32 Million Quartz Mountain Aerospace venture. (Actually $3 for every one invested since they keep the investment, and the $2 is all incentive.) The state turned around and gave those investor $66.3 Million. With some flim-flam in between.

The investors have already been issued the entire $66.3 million in tax credits. All without a binding agreement that even one job has to be created.