3 Biggest schemes
Altus Venture $126 million View
Scissortail $90 million View
Foxborough $300 million View
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. |
Prowling Owl Blogs
| Why did OTC hide Weyerhaeuser used $54 million in tax credits for 2007? | View | |
| Fraudocalypse - one case reveals all. Fraudulent claims, official involvement; false reports. | View | |
| Porkocalypse - a program state lawmakers created to earn their own 200% instant profits. | View | |
| Tax credits allowed for claiming city payment to construction contractor was an investment. | View | |
| $31 million tax credits, for investing $9 million; only $5.4 million goes to investments? | View | |
| Is a state agency supplying investments funds for others to receive tax credits? And, who? | View | |
| $45 million fraudulent out of state tax credit claims, involving OTC! | View | |
| New nursing home tax credit fraud scheme! | View | |
| Tax credit fraud details found in recently uncovered Foxborough prospectus! | View | |
| How OK officials can legally receive $2,000 in tax credits for each $1 invested; all in secrecy! | View | |
| Are you ready to listen, NOW? Or; continue ignoring fraud and a false reporting to cover up?! | View | |
| Oklahoma's $billions in hidden tax expenditures! | View | |
| $5.4 billion or 50% of Oklahoma's annual expenditures have no tracking or accountability! | View | |
| Oklahomans have surrendered to a legacy of shame and disgrace! | View | |
| Another missing $112 million in 2007-08 tax credits found, one week after uncovering $163 million! | View | |
| Governor says repeal fraud riddled tax credit programs, and ignore $500 million in fraud? | View | |
| Mastin's Mafia caught red handed trying to cover up false reports! | View | |
| A challenge for the OEA (re: tax credits) McCurtain Daily Gazette | View | |
| Task Force tax credit study a whitewash to cover up fraud, or arrogant and clueless politicians? | View | |
| Weyerhaeuser received $54 million in tax credits: $333,000 per existing employee.! | View | |
| OTC tax credit cover up! It is the secrecy, stupid! | View | |
| The black hole of corruption! A law created to strip the public of its constitutional protection | View | |
| Metafund using a hidden subsidiary to claim tax credits, after court ruled ineligible! | View | |
| 3 new false tax credit claims, one filing bankruptcy shortly after its tax credits were used? | View | |
| $75 million to 7 LLC's sharing one Mini-Storage Unit? What happened to all 7?! | View | |
| $643 million fake loan tax credit fraud users! | View | |
| Beyond ridiculous! $68 in tax credits for each $1 invested? What does this tell you? | View | |
| Was private jet bought with tax credits gained from another phantom investment? | View | |
| $24.5 Million in tax credits and funding for Ardmore’s phantom MG auto plant! | View | |
| Newly uncovered Altus Gang fake loan scheme involving over $1 Billion! | View | |
| OK officials cover for fleeing bank failure suspects! Part 1 | View | |
| FDIC seizes First State Bank Altus, Oklahoma | View | |
| Oklahoma officials profiting for protecting criminal enterprise! | View | |
| Smoking bombshell! Altus Gang's financials reveal a myriad of fraud on a monumental scale! | View | |
| Oklahoma Tax Commission is allowing $100s million in false claims to go unnoticed! | View | |
| Oklahoma Tax Commission is reporting false and deceptive information! | View | |
| Does new tax credit fraud evidence implicate high level OTC and other state officials? | View | |
| How OTC's involvement in tax credit fraud was tipped by ignoring the conspicuously obvious. | View | |
| Analogy of tax credit abuse shell game used by Scissortail and 10 others. | View | |
| 10 more tax credit scams like the Scissortail scheme that reaped 540% in unearned profits. | View | |
| Time to aim the finger of blame at the Oklahoma Tax Commission's game! | View | |
| How OTC uses public money to hold sway over Oklahoma's government! | View | |
| How OTC allowed Scissortail's $5.40 for each $1 invested | View | |
| $421 million in false claims slipped by Oklahoma officials' turned backs? | View | |
| How tax credits used to steal state funds off the record, defeating Oklahoma's balanced budget! | View | |
| Cease and Desist Order against FSB Bancorp and Affiliates | View | |
| Will the FDIC be successful in locating the Altus group's financial records? | View | |
| Did $325,000 in hidden PAC money keep tax credit loophole open? | View | |
| $370 000 in questionable campaign funds | View | |
| Newly uncovered documents expose more tax credit abuse details. | View | |
| In what pockets did $57 million in public funds disappear? State officials? | View | |
| Oklahoma's economic program declared flawed and a scam by 9 other states. | View | |
| Where is $389 million investment used to justify $126 million in tax credits? | View | |
| $66.3 million in tax credits only created 73 jobs before business went broke! | View | |
| Open letter to OK Lawmakers - Golden Goose Tax Abuse, Club Gooses and Goosed Gooses | View | |
| Are Oklahoma officials reaping $millions for turning their backs and cover up? | View | |
| Suspicious campaign contributions? Tax credit loophole remains open! | View | |
| Business skims employee withholdings, after being used to obtain $66 million in state fund! | View | |
| Did failed airplane company expose state officials' benefiting from tax credit abuse? | View | |
| Are Oklahoma officials profiting from business investment incentive program? | View | |
| How a program promising a future is stealing that future | View | |
| Did these LLC's use money laundering and loophole to take $470 million? | View | |
| Governor and Lawmakers, negligent; deliberate ignorance; greed; secrecy | View | |
| The Cover Up, creating the legal means to hide official involvement! | View | |
| Tax shelter operated by secret arm of MetaFund, a bank and church supported non-profit LLC | View | |
| Did REI New Markets Investment get tax credits for investment purchasing billboards in other states? | View | |
| Why did OK lawmakers fail on two occasions to close a huge tax loophole? | View | |
| Add a Colorado resort area lawsuit to an Altus group's ever widening net of financial misdeeds! | View | |
| Were citizens of Altus kept in dark about public funds used for loan? | View | |
| Open letter to Oklahoma state lawmakers and governor! Crooks or cowards? | View | |
| Revealing more Oklahoma Tax Credit Fraud - dirty little secret 12 | View | |
| Oklahoma's 'audit immune fraud' skimming $100's millions in tax Revenue. | View | |
| New information exposing hidden tax credit abuse causing tax revenue shortfalls | View | |
| Hiding the use of public funds, the unmistakable mark of wrong in government! | View | |
| Did OK officials pocket half of $90 million in tax credits taken to buy billboards in other states? | View | |
| Is the Oklahoman covering a Gaylord family connection to tax credit abuse? | View | |
| OK's secret state income tax avoidance scheme, for the wealthy and corporation! | View | |
| Are Oklahoma lawmakers held hostage through implied extortion, to protect tax credit fraud? | View | |
| The Oklahoma Chicken Farm - Fraud Hogs, Vice Lice; Flim-Flams and unchecked Tax Thievery | View | |