Weyerhaeuser's $54 million in tax credits was the largest single use ever reported for one year; but according to Weyerhaeuser's own reports, it could not have qualified for more than $3.2 million, under the program reportedly used. It should come as no surprise OTC would withhold and/or reporting the use of $54 million in tax credits, it should not have authorized.

Weyerhaeuser's $54 million was only part of the more than $235 million, in 2007 tax credits, OTC failed to report.

2010: State officials are again, ignoring new evidence of the same tax credit fraud, officials' were allowed to cover up, in 2006. We now know what was occurring in 2006. Altus Ventures was using counterfeit loans, and not a loophole, as state officials claimed, to inflated the amounts invested to receive $2 in tax credits for each $1 invested. We now know that lawmakers' 2006 claim, an amendment closed a loophole that would prevent further abuses, did no such thing, rather more than double the amount of fraud.

Now facing evidence that will expose their own involvement state official first tried ignoring; and are now dismissing evidence, as not credible; the hallmark of the guilty.

"The holders of Fund common shares which will contribute $6,150,000 to the Fund will earn the entire 30% rural Venture capital formation credit of $13,845,000 ('Credits')."

"The holders of Fund common shares which will contribute $6,150,000 to the Fund will earn the entire 30% rural Venture capital formation credit of $13,845,000 ('Credits')."

Economic development tax credits were given for a financial shell game where a nursing home owner(s) buy their own nursing a home from themselves. A scheme that, amounted to no more than a financial paper game, creating no new economic growth or jobs, while allowing some hidden identities to reap unearned tax credits. Oklahoma law allows state officials, including those creating the law, authorizing the shell games and turning their backs to be among those hidden identities.

The FDIC seizure of First State Bank Altus revealed $643 million in fake loans were used to claim and receive $192 million in unearned tax credits.

To add insulted to injury the law requires the identities of those involved and the amount of public funds they received to be kept secret. Now it has been learned the Oklahoma Tax Commission as being under reporting the cost of this program by as much as 95% to prevent the public from learning of the cost.

Not being able to identify one new jobs after doling out $500 million for false claims, it sounds like someone is setting up to

Or, is this another let's tell everyone that some unidentified tax attorney's found another loophole that allowed our cronies to steal another $500 million. We promise to try again for the third time to close another loophole.

That has became the private slush fund elected officials keep to themselves and use to hand out political favors.

Mastin, defied the law by hiding $280 million of the $370 million in 2007 and 2008 tax credits, uncovered so far. With Mastin being the sole proprietor of Oklahoma tax credits, there is no convenient way for anyone other than Mastin, to know who is taking how much in unearned tax credits. This is another link in a long chain of evidence showing Mastin has allowed numerous groups, using false claims, to scam $100s million in unearned tax credits. Mastin in turn falsifies OTC reports to hide the fraud.

What was originally reported as approximately $64 million for 2007 jumped to nearly $260 million with the addition of 2008 tax credit info. What the site visitor would never know and could not see by being limited to viewing 25 of the 11,1000 lines, at a time, is 2008 tax credits accounted for less than $27 Million of the nearly $200 Million increase. The other $168 million is part and only part of the missing 2007 tax credits. For the record, the information is still incomplete and riddled with falseness. One example, the $30 million in tax credits Chaparral Energy took in 2007 and 2008 is still missing.

This Overlord position is located at the headwaters of the state's tax revenue stream, where the states incoming tax revenue can be diverted away into hidden underground tunnels to be channeled to unidentified recipients, before the flow is metered and measured.

We all know there are suppliers of false identification, passports, titles and the like. How many were aware there is far more money in fake loan documents. We are talking big fake loan documents! Potentially $1.4 Billion: maybe more, maybe less, but what is a few $100 million?

We had previously reported the Altus Gang's involvement in tax credit fraud and the Colorado land scam. Now we have uncovered a new element of the fraud that spewed from that scheme machine, the likes of "Wild Mary Sudik" when she blew in on March 26, 1930, near what is now the intersection of I-240 and S. Bryant in Oklahoma City.

Paul Doughty the recently removed president of First State Bank Altus and subject of numerous of lawsuits, audits and investigations, was at the center of the 1982 failure of the Oklahoma National Bank, in Oklahoma City. Eighteen instances of alleged criminal wrongdoing were lodged by the FDIC. Doughty's involvement in bad loans issued to Vulcan Oil & Gas, was central to the wrongdoings and failure. The Oklahoma Securities Commission had alleged violations of securities law by Vulcan and its principals, notably Rod Fancher, Vulcan's president. Numerous investor and Midway Pipe and Supply filed suits against ONB and Vulcan accusing Doughty of involvement and helping Vulcan scam Midway.