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Tax credit fraud details found in recently uncovered Foxborough prospectus!

Evidence of multiple crimes and mistakes involving the same parties during the period 2006-2009, and continuing crimes and mistakes to cover-up.

Note the dates, after the FBI had to step in to cover-up the Altus Oklahoma bank crimes in both Colorado and Oklahoma.

Unlimited(1) 2009 tax credits, for sale at half price! No mention of an investment. This was not and has never been a legitimate investment.

(1) Unlimited. The claimed investment will be whatever is needed to come up with amount of tax credits sold.

The governor and state lawmakers claim to have closed the tax credit loophole, in 2006 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!

The following are cross referenced to OTC Confidential Tax Letter Ruling LR-09-228 View PDF

Key parts of OTC Confidential Tax Letter Ruling LR-09-228

  • Foxborough Prospectus. View
  • Foxborough Data Files. View
  • Foxborough & Hangar 84 Tulsa International Airport. View

Names redacted to protect my sources.

-----Original Message-----
> >>From: Frank McGuire
> >>Sent: Dec 4, 2009 12:50 PM
> >>To: ----------------------------
> >>Subject: Oklahoma Tax Credits 2009
> >>
> >>Hi -------
> >>
> >>I was referred to you a couple of years ago by --------------. Early next week we should have Offering Documents for an Oklahoma Tax Credit Program (NO Federal Tax Credits) for 2009 prepared by McAfee Taft that are priced at 50 cents to 55 cents on the dollar. If you would have an interest for your clients I would like to forward the Offering to you.
> >>

> >>Frank McGuire
> >>405-370-6655
> >>**Securities offered through WFG Investments, Inc., Member FINRA/SIPC**


OTC emails shows Foxborough is taking, not $2 but, $3 for each $1 (not invested). A little sugar on top in a 22 day turn around for a high risk venture capital funding. The 22 days to select targets, raise the funds and invest! Another common sense issue.

Names OTC redacted to protect criminals.

Date: December 31, 2009
From: Dawn Cash
To: Tony Mastin
Subject: ------- latest

Tony,

This changes my answer to your question (yesterday) about whether negating the ability to specifically allocate would have a significant effect. Under this set up, specially allocation becomes completely unnecessary in order to market the deal.

"In this scenario, I generate credits from a $100 investment where I put in $10 out of my pocket and co-sign a non-recourse loan for the other $90, which is collateralized by the venture. So for $10, I get back $30 in tax credits, based dollar for dollar on what is being termed my "investment." In other words, I get two for one plus, without a special allocation."

I went over this with ------- and he confirmed that is how it will work.


Editors notes:

This is the same Foxborough tax credit scheme ProwlingOwl.com, reported a 2007 tax claim January 27, 2009. Foxborough had received tax credits for buying a Oklahoma City Parking Authority garage (sole source). 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
McAfee Taft   Law firm

Frank McGuire, also represented WFG Investments in the 2006 Scissortail tax credit scam, that included the Westheimer Aviation, Josh Brim, aspect.

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 tax credit scam; the state securities department hurriedly issued an off point "no securities violations found" to whitewash.

  • Capital West Tax Credit Ltr View
  • Capital West Tax Credit Ltr2 View

Breech of Trust?

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