Foxborough and WFG Investments offering $2 in tax refunds for each $1 invested!
To protect the identity
A rigged slot machine that pays double; every time the handle is pulled! Rigged by state officials!
$15 million in tax credits, for sale at half price! No mention of an investment. This is not and has never been a legitimate investment.
$15 million in tax credits, that can be sent to the Oklahoma Tax Commission and exchanged for tax refund checks of equal value.
$15 million is only a small fraction.
The governor and state lawmakers 2006 claim to have closed the tax credit loophole, they attributed to allowing some to receive $2 in tax credits for each $1 invested was a lie then? Evidence keeps showing up, like the below, that disprove that claim. When these investments fail, and virtually every one does, these folks get to keep their 200% profit. The reason we are seeing no new economic growth; no new jobs. The governor and current lawmakers, are lying now, by turning their backs!
This is the same Foxborough tax credit scheme ProwlingOwl.com, reported, January 27, 2009, Foxborough received tax credits for buying a city garage, after soliciting the Oklahoma City Parking Authority to sell a city garage. Foxborough revealed plans to buy an additional garage(s) and a hangar at the Tulsa Airport. A typical garage the size of the city garage already purchased, would only have 6 to 7 employees. In the case, where an existing garage was purchased, no new jobs were created, and no economic growth. Further evidence the programs are used for scamming tax credits.
Foxborough was the subject of the 2007 Capital West Tax Credit Letter promising $2 in tax credits for each $1 invested, in seeking investors in a $300 million tax credit scam; the state securities department hurriedly issued an off point "no securities violations found" to whitewash.
Who is involved?WFG Investments also known as William Financial Group is a broker/dealer located in Dallas.
Below are the identities of the Foxborough principals, listed on the Foxborough Prospectus SEC filing
|Wilson Williams||President and member of Board of Managers of manager of Issuer. Also President, WFG Investments|
|Robert S. May||Vice President, Secretary and Treasurer and member of Board of Managers of manager of Issuer|
|Josh Brim||Member of Board of Managers of manager of Issuer|
|Barry Switzer||Member of Board of Managers of manager of Issuer|
Frank McGuire, also represented WFG Investments in the 2006 Scissortail tax credit scam, that included the Westheimer Aviation, Josh Brim, aspect.
McAfee Taft a law firm. Every fraud needs lawyers.
Breech of Trust?