Like the 1,000s of 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
An October 2009, Open Records from State Representative Mike Reynolds, resulted in auditors discovering tax credit documentation was missing. And, there had been no audits of tax credit claims since Tony Mastin, took over as head of the Oklahoma Tax Commission, in early 2007.
To put this is perspective, at this time, claims processors were still trying to reconcile $60 million in tax credits, they recently issued after being instructed to hurriedly issue refunds, without auditing first. The pressure to hurry when claims processors were confronted with processing $60 million in tax credit refunds, for more than 1,600 claims, that suddenly appeared, after being stored in boxes for up to two years. There was no functional records or tracking system. View more
While this request was unrelated to the recent issuing of more $60 million in tax refunds for 2006 tax credits, auditors were restricted to only year 2007 when contacting Capital companies responsible for the missing documentation. Totally ignoring the problem laden 2006 tax credits which totaled $165 million. $165 million included a $30 million over crediting caused by a lack of documentation, and a records and tracking system.
Even then auditors found numerous problems with 2007 claims, as described below.
Charles Robertson, one of the Oklahoma Tax Commission's two field auditors. Robertson described his findings in an email sent to his supervisor, Monty Bivens. Bivens forwarded to Tony Mastin, who would be ignore. Below are key parts of the email, Download a copy.
From: Charles Robertson
Sent: December 31, 2009
To: Monty Bivens
We sent out 14 letters and received responses from 12 Capital companies.
There were a total of 33 Oklahoma small businesses invested in per 526 and 527s(11) filed for 2007 and we received information for 24(12) of them.
The responses we received are very diverse in the amount of detail and/or support provided so it is difficult to evaluate whether the expenditure requirements have been met. That being said, it is clear that some of the expenditures do not qualify and some of the investments should not qualify for the applicable credit.
..........Also, to what extent do we try to verify the information that has been provided to us?
Three weeks later, Charles Robertson would again be ignored, when requesting what actions to take regarding a separate claim involving $800 million in tax credits. A Venture Capital tax credit claim by a Bank of Oklahoma subsidiary, CottonWood Valley Ventures. View more