After learning of extensive tax credit abuse on two separate occasions, each resulting in lawmakers creating new legislation aimed at stopping the abuse

• State officials have still made no attempt to protect against further abuse.
• State officials have still made no attempt to seek out those responsible for the abuse.
• State officials have still made no attempt to recover funds lost through the abuse.
• The law remains void of any requirements the program be
• monitored.
• audited
• or, assigned to any state office or officials the responsibility for oversight.

Yet these same officials strictly enforce the odd section of the same law that requires no information about the program be given to the public or state lawmakers. Information that would allow any to question wrong doing, the value of the program or who is involved.

The program contains nothing to prevent state officials from participating in any form or at any level in one of the most lucrative business opportunities in the entire United States. All tax supported.

The question by any reasonable person is not is there wrong doing?

The question is why wouldn't there be wrong doing?

• The opportunity exists.
• There is nothing to prevent wrong doing.
• There is nothing to catch wrong doing.
• There is no punishment for wrong doing.

Here we demonstrate how when all the pieces are put together the picture comes into focus.

It is that which was quietly omitted from the law, (i.e., oversight and accountability) along with government enforced secrecy of every aspect of the program that keeps the public helpless victims of ignorance, allowing public officials to keep their hands clean by turning their backs while a state funded program runs freely, no one has a clue how much is spent, where the money is going, who is receiving the money or the results of the program.

It is perfectly reasonable to assume, until proven otherwise that many elected officials are involved in the ownership of these capital venture companies and/or are benefiting from the use of these tax credits. We have found nothing in the law that would not allow this. The obvious wrong would be in a conflict of interest which would be kept from the public by those same officials using the law to protect themselves by preventing public disclosure of all information related to the program.

Violations of the law

Fraud on a public held in ignorance and left unprotected. -

This fraud, in spite of many suspicious activities continues to operate without encumbrance or fear. All courtesy of a public trapped in ignorance by the very officials that same public trusts for protection. This fraud requires a combination of the following elements. Government officials violating public trust. Operatives violating the law. No oversight to catch either. Denying both state lawmakers as well as the public access the program's activities and financial records. The last two elements are more than ample justification for taxpayers to demand exposure and answers, regardless of whether wrongful amounts were knowing taken. Without exposure crimes can continue for ever unknown and unimpeded.

What laws are violated? -

What laws are violated? There are several laws that cover wrong doing by state officials. One example is the federal crime Former state Rep. Mike Mass was charged and pleaded guilty "conspiracy to deprive the public of honest services". See Ex-lawmaker awaits sentence. By State Officials 1) Violating the State Constitution's requirement the Legislature and Governor balance the budget within available revenue. 2) Violating public trust, e.g., turning their backs. 3) Negligence. 4) Failure to monitor. By Fraud operatives 1) Borrowed money not at risks. ** 2) Using artificial loan. ** 3) Failure to abide by investment of not more than ten percent (10%) of its funds in any one company;. ** Ref. Capital Formation Incentive Act.   * SECTION 14. and SECTION 25. A.2 Oklahoma Statutes as Section 2357.63E and 2357.74E of Title 68 ** SECTION 2. B.1.c Oklahoma Statutes as Section 2357.7 of Title 68 ** Based on Altus Ventures's claiming $221 million in Quartz Mountain Aerospace, they would need an investment portfolio of at least $2.1 billion in Oklahoma Ventures.

Unqualified venture captial company receiving tax credits. -

Lack of any oversight and due diligence has allowed unqualified venture capital companies to receive tax credits. Altus Ventures trapped itself when it tried to monopolize the venture capital company business. SECTION 2. B.1 Oklahoma Statutes as Section 2357.7 of Title 68 Capital Formation Incentive Act. b. Such portion shall be at least fifty-five percent (55%) for capitalization occurring before January 1, 1999, and at least seventy-five percent (75%) for capitalization occurring on and after January 1, 1999. * in the previous law used to quickly take another $330 million after the loophole was closed in 2006 c. investment of not more than ten percent (10%) of its funds in any one company; Based on Altus Ventures' claiming $221 million in Quartz Mountain Aerospace, they would need an investment portfolio of at least $2.1 billion in Oklahoma Ventures. $1.155 billion invested before January 1, 1999.