How tax credit fraud and land scam came unwound
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Bank and tax credit fraud << Back     Next >> Other noteworthy points        for index -

Index
  Section Topics
 Cover Letter
1Overview
1.1What is involved
1.2How much is involved
1.3Who is involved
2Two tax credit claims filed for 2006 are explained below.
2.1.Altus Venture, Affinity Ventures, Quartz Mountain Aerospace, OK Industrial Venture
2.2Scissortail
2.3.Oak Hills Capital
3Oklahoma Tax Commission negligence and cover up
3.1New evidence uncovered since the original letter.
3.2Copies of Oklahoma Tax Commission emails obtained
4Colorado land scam and tax credit fraud connection
4.1The scam
4.2What Happened?
4.2.1Place liens on the property
4.2.2Deplete the funds to pay off loans
4.2.2.1Mirrored bank account
4.2.2.2Loan Kickbacks
4.2.2.3Bank and wire transfer fraud
5Coming unwound
5.1Colorado partners seize Altus Groups financial records
6Other noteworthy points related to tax credits include

Updated report to appropriate authorities - evidence of tax credit and bank frauds. (cont)

5. How tax credit fraud and land scam came unwound

August 2007 the Colorado land owning partners growing increasingly suspicious called a meeting and informed the Altus Group they were bringing in outside auditors. Immediately the Altus Group partners, and those they brought in, commenced resigning and leaving Colorado.

5.1 Colorado partners seize Altus Groups financial records

In their haste, the Altus Group overlooked the computer they had been using to managed MAPI and MAPI financial records. The server also contained financial records related to Altus Venture's, Oklahoma tax credit fraud, scheme. In addition, the seized computer had been configured to automatically log into an Altus Group email account. This allowed the Colorado victims to intercept correspondence discussing how the Altus Group planned to foreclose and seize the mortgaged property. The Colorado victims to head off losing their property filed for bankruptcy while digging through the evidence found the computer. Without the information found on the computer and the server logged into the email account it is unlikely this scheme would have ever been exposed.

The Colorado victims having lost virtually everything were left with little money to fight in court. They heard about my efforts to using prowlingowl.com to expose the same Altus Group for tax credit fraud, and contacted me. In late December 2008, they sent their evidence(R) which was put on line at prowlingowl.com and the FDIC and FBI contacted in Colorado. The FDIC and Federal Reserve Board where soon visiting prowlingowl.com; then shortly issuing Cease &Desist orders and initiating an audit. The FDIC auditors continuously used the information on prowlingowl.com to assist in the audit.

Bank and tax credit fraud << Back     Next >> Other noteworthy points


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