Updated report to appropriate authorities - evidence of tax credit and bank frauds. (cont)
2.3 Oak Hills Capital, Avondale Investments, and Donald Dillingham
Oak Hills Capital was a third suspected fraudulent 2006 tax credit filing claiming to have invested $75 million in seven LLC's sharing one Mini-Storage unit address, to collect $23 million in unearned tax credits.
|Oak Hills Capital|
|Claimed Investment||Amount Claimed||Tax credits|
|New Century Medical Equipment||$12,835,687||$3,850,706|
|Carter County Car Company||$31,555,566||$9,466,697|
No evidence could be found that these were active businesses; at the time of the investment; within maximum 24 month period required to qualify for tax credits; and still not, more than three years later.