Oak Hills & Avondale
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Oak Hills

2006

Another claim $75 million was invested in 7 LLC's sharing one Mini-Storage Unit? Now all seven LLCs appeared to have vanished, or more likely never materialized?

SEC filings reveal Oklahoma Venture Capital Fund LLC reported investing a total of $9,733,750, while a CAPCO (Oak Hills Capital Company) received $22,604,400 in tax credits by filing a claim with the Oklahoma Tax Commission stating the same Oklahoma Venture Capital Fund LLC invested $75,348,000 in 7 LLC's.

Now after 3 years and a considerable effort to learn what happened with the 7 LLCs, no trace of any one of the 7 has turned up. There was obviously a $75 million false claim. Now the question of whether even the $9,733,750 was actually invested in legitimate ventures, remains suspect and unanswered.


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