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
Now all 7 LLCs appeared to have vanished, or more likely never materialized?
Securities and Exchange Commission filings reveal Oklahoma Venture Capital Fund LLC (OVCF) reported investing a total of $9,733,750 as of November 13, 2006. View SEC Filing
Oak Hills Capital Company (or OHCC, the CAPCO) claimed OVCF invested $75,348,000* in 7 LLC's before November 1, 2006, the grandfather clause "post cutoff" date.
* $75,348,000 consist of $54,362,910 through Oak Hills Capital Company, the CAPCO; and $20,985,090 invested "in-conjunction." View 2006 Rural Small Business claims
The 7 LLCs were:
| LLC | Address | ||
| All-State Equipment | Shared mini storage unit, Yukon OK | ||
| Carter County Car Company | Shared mini storage unit, Yukon OK | ||
| Eagle Builders | Shared mini storage unit, Yukon OK | ||
| New Century Medical Equipment | Shared mini storage unit, Yukon OK | ||
| Oklahoma Agri-Builder | Shared mini storage unit, Yukon OK | ||
| Sentry Storage. | Shared mini storage unit, Yukon OK |
OHCC received $22,604,400 in tax credits for this claim, which failed multiple qualifying requirements.
Now, after three years and a considerable effort to learn what happened with the 7 LLCs, no trace of any one of the seven has turned up. Like other claims, there were numerous other reasons to have questioned the claim. The question of whether the $9,733,750 was actually invested in legitimate ventures, remains suspect and unanswered.
Additional questions about legitimate qualifications are raised by the following. All 7 LLC's were registered long after the March 16, 2006, grandfather "pre-cutoff" date. All 7 LLCs are listed at the same address, a mini-storage unit (not Sentry) in Yukon. A ploy to claim the more lucrative 30% rural tax credits. All 7 LLC's along with the investing entity OVCF and CAPCO, OHCC, can be traced back to Donald L. Dillingham. The money was funneled back to the origin after picking nearly $23 million in tax credits.
To further illustrate why the false claim was $75,348,000, remember this fraud is a scheme used to give "so-called investors" $2 in tax credits for each $1 they invest. Subtracting the out of pocket cost (excluding fees and commissions) from the $22,604,400 in tax credits leaves a tad over $22.2 million. Twice the $11.1 million invested. Also, remember this offers an instant $2 for 1$ payout, refuting state officials' claims this is a legitimate investment. Off the record, CAPCOs was reported as telling investors they are not concerned about picking good investments. The money is in the tax credits. This is proven out by the record of failures, and how quickly the failures occur.