Like the 3,200 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
Evidence was uncovered in parts over years, and not in the same order as the crimes occurred or the evidence was created. Statements were made based on what was known at the time.
Dates are approximate because government filings and reports vary in some cases up to months if not This is part of cover up. One example is Oklahoma's Openbooks, which started out late with only a fraction of what was required to be added each year. Plus, the data was littered with data entry and spelling errors, meaning you have to go through one entry at a time. This amount to more than 17,000 entries in 2017.
What makes this scheme so unbelievable? Why did the Oklahoma Tax Commission legitimize?
Why would a Portfolio Company that is financially sound enough to have in this case $90 million in unencumbered assets get involved in a scheme that was given control of the funds, tied up its assets then invested only a portion of those funds in exchange for an ownership interest in the Portfolio Company.
The answer is this would be a horrendous mistake for any legitimate Portfolio Company! Unless they were mislead and duped?
Void of any legitimate justification for that arrangement, that leaves any reasonable person to surmise the plan stated is some kind of ruse or straw scheme to cover something highly suspicious.
What are some possibilities?
We can't dismiss the fact the Portfolio Company was mislead about what they were getting into. It is very unlikely the Portfolio Company was ever shown the documents we now have.
This demonstrates another potential harm to legitimate businesses by state officials refusing the public access to these public funded programs.
Download a copy of Scissortail tax credit scheme documents. Click to download.