ProwlingOwl_com reporting - new case of suspected bank fraud, involving Bank of Oklahoma, Tulsa OK_.eml Subject: Reporting state tax credit fraud From: Nick Date: Sun, 18 Jul 2010 23:36:39 -0500 To: Mykel.Fry@oag.ok.gov Mykel, Trying to learn how to report crimes of this complexity has proven to be problematic. The AG operator referred to you and I left a message, but realizing you have been out of pocket, there will be catching up. Here is a guess at your mail address. Quite frankly, past efforts have encountered buck passing and brick walls thrown up as a deterrent, in quick fashion the listeners obviously had no interest in anything out of the ordinary. That is not totally surprising given the complexity, and the fact few ever have reason to deal with the intricacies involved. But, when you talking about $100s million in public corruption, we can't expect, as apparently most do, the perpetrators are not going to keep it simple. Here is hoping that might be willing to give it a shot? As an introduction, of qualifications, I operate the ProwlingOwl.com website and played a major role in bringing about the investigation of First State Bank Altus OK, through information provided on ProwlingOwl.com. The FDIC seized First State Bank Altus OK, July 31, 2009. Secondly, I was the one who uncovered the $643 million in bogus loans the president of First State Bank Altus OK, Paul Doughty, issued to six funds he managed and used to file fraudulent tax credit investment claims. What makes this noteworthy is this was uncovered after the FDIC seized the bank and the forensic audit team brought in to examine the bank had missed the bogus loans. If you doubt those claims, as most normal folks would, I encourage you to check it out! You can call First State Bank Altus, and talk to now president, Larry McLaughlin. You can call the Altus Times and speak with Paula Peterson. It is important to remember, Oklahoma tax credit programs are operated in secrecy, preventing access to information. The key to everything. However, more than three years of digging has found more sufficient evidence. In one case a copy of an Oklahoma Tax Commission auditor's, January 2010, email questioning tax credit claims submitted by a BOK subsidiary, surfaced. The auditor was ignored, but fortunately, he had included all of BOK's tax credit claims for years 2006 thru 2009. BOK has received $91 million in unearned tax credits, during that period for claiming to have invested $455 million in venture capital companies. As you will see so called claimed investments, included lists of BOK's "loans," as opposed to investments. These letter's explain how that was determined. That is only for openers. Examination and comparison of BOK's tax claims with various other reporting agencies, in particular SEC filings were profoundly revealing. Equally revealing are some of the related factors that go back to at least 2000, that allowed BOK to pull this off unchecked. Then there are the tax credit claims, misrepresenting the First State Bank Altus bogus loans, as investments. This is complicated, and difficult to explain in writing. Feel free to contact me for clarification. I respectively submit you will find this information both compelling and convincing. Nick Baker 3309 Windjammer Norman OK 73072 XXX-XXX-XXXX nite@prowlingowl.com Attachments 1) State income tax credit fraud overview - AG_BOK_AV_July2010.doc 2) Tax credit fraud involving Oklahoma's "Venture Capital" program - AG_BOKF_2010July18.doc 3) Tax credit fraud involving "Capital Formation Incentive Act - AG_ReportUpdate.doc