Like the 3,200 other pages of evidence uncovered and descriptions of crimes on this site, this web page is only one part of a massive multi-state entanglement of government corruption and cover-up. See size
Evidence was uncovered in parts over years, and not in the same order as the crimes occurred or the evidence was created. Statements were made based on what was known at the time.
Dates are approximate because government filings and reports vary in some cases up to months if not This is part of cover up. One example is Oklahoma's Openbooks, which started out late with only a fraction of what was required to be added each year. Plus, the data was littered with data entry and spelling errors, meaning you have to go through one entry at a time. This amount to more than 17,000 entries in 2017.
An Oklahoma City law firm paid $600,000 to settle a lawsuit filed by the Federal Deposit Insurance Corporation, records reveal. Andrews Davis Law, 100 N Broadway Ave., and two of its attorneys - D. Joe Rockett and Matthew H. Griffith - paid the sum in April to settle a suit filed by FDIC in October 2011, according to U.S. District Court records. The corporation filed the lawsuit in an attempt to recover outstanding loans that contributed to the failure of First State Bank of Altus in 2009, spokesman David Barr said. In the lawsuit, FDIC accused the firm and its representatives of negligence and malpractice in representing the Altus bank and its former chief executive and board chairman, Paul Doughty. The FDIC alleged the firm facilitated bad loans worth as much as $13.5 million from the bank to its subsidiaries, overseen by Doughty and his partner, Fred Dan Anderson. Barr said the FDIC estimates it has assumed $19.6 million in losses as of the end of 2010 related to its takeover of the 100-year-old bank. Another $23.7 million in bank assets remains to be liquidated, plus about $5 million in cash, Barr said. Among losses experienced by the bank were unpaid loans to airplane manufacturer Quartz Mountain Aerospace, which went bankrupt in 2009, and to several failed real estate ventures in Colorado and Alabama.
Federal bank regulators have reached a settlement with the Oklahoma City law firm that represented a failed Altus bank.
U.S. District Court records indicate Federal Deposit Insurance Corporation settled April 3 with the law firm Andrews Davis and two employees, D. Joe Rockett and Matthew H. Griffith.
FDIC filed the lawsuit in October 2011 in an attempt to recover outstanding loans that contributed to a takeover of First State Bank of Altus in 2009.
Details about the settlement will not be released until the case is closed, an FDIC spokesman said.
FDIC accused the firm and its representatives of negligence and malpractice in representing the Altus bank and its former chief executive and board chairman, Paul Doughty.
FDIC alleged in its suit that the firm facilitated bad loans worth as much as $13.5 million from the bank to its subsidiaries, overseen by Doughty and his partner Fred Don Anderson.
Oklahoma State Banking Commissioner cited an "exhaustion of Capital funds as a result of significant loan losses" for the state takeover of the bank.