3 Biggest schemes
Altus Venture $126 million View
Scissortail $90 million View
Foxborough $300 million View
The financial shell games
About venture capital funding.
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Venture capital (also known as VC or Venture) is a type of private equity capital typically provided to early-stage, high-potential, growth companies where the rewards are years out and carry a high risk. Venture capital is a special kind of funding to create a foundation for building the businesses that will replace today's diminishing industry and jobs. Oklahoma's venture tax credit program was intended to incentivize that venture capital funding needed by rewarding investors tax credits worth 20 to 30% of their at risk investment. |
Tax Credit Abuse Site Map
Fraudulent investment fails within 16 months, OTC allowed keeping $2 for $1 tax credits.
Why did OTC hide Weyerhaeuser used $54 million in tax credits for 2007?
Fraudocalypse - one case reveals all. Fraudulent claims, official involvement; false reports.
Porkocalypse - a program state lawmakers created to earn their own 200% instant profits.
Tax credits allowed for claiming city payment to construction contractor was an investment.
$31 million tax credits, for investing $9 million; only $5.4 million goes to investments?
Is a state agency supplying investments funds for others to receive tax credits? And, who?
$45 million fraudulent out of state tax credit claims, involving OTC!
New nursing home tax credit fraud scheme!
Tax credit fraud details found in recently uncovered Foxborough prospectus!
How OK officials can legally receive $2,000 in tax credits for each $1 invested; all in secrecy!
Are you ready to listen, NOW? Or; continue ignoring fraud and a false reporting to cover up?!
Oklahoma's $billions in hidden tax expenditures!
$5.4 billion or 50% of Oklahoma's annual expenditures have no tracking or accountability!
Oklahomans have surrendered to a legacy of shame and disgrace!
Another missing $112 million in 2007-08 tax credits found, one week after uncovering $163 million!
Governor says repeal fraud riddled tax credit programs, and ignore $500 million in fraud?
Mastin's Mafia caught red handed trying to cover up false reports!
A challenge for the OEA (re: tax credits) McCurtain Daily Gazette
Task Force tax credit study a whitewash to cover up fraud, or arrogant and clueless politicians?
Weyerhaeuser received $54 million in tax credits: $333,000 per existing employee.!
OTC tax credit cover up! It is the secrecy, stupid!
The black hole of corruption! A law created to strip the public of its constitutional protection
Metafund using a hidden subsidiary to claim tax credits, after court ruled ineligible!
3 new false tax credit claims, one filing bankruptcy shortly after its tax credits were used?
$75 million to 7 LLC's sharing one Mini-Storage Unit? What happened to all 7?!
$643 million fake loan tax credit fraud users!
Beyond ridiculous! $68 in tax credits for each $1 invested? What does this tell you?
Was private jet bought with tax credits gained from another phantom investment?
$24.5 Million in tax credits and funding for Ardmore’s phantom MG auto plant!
Newly uncovered Altus Gang fake loan scheme involving over $1 Billion!
Oklahoma officials profiting for protecting criminal enterprise!
Smoking bombshell! Altus Gang's financials reveal a myriad of fraud on a monumental scale!
Oklahoma Tax Commission is allowing $100s million in false claims to go unnoticed!
Oklahoma Tax Commission is reporting false and deceptive information!
Does new tax credit fraud evidence implicate high level OTC and other state officials?
How OTC's involvement in tax credit fraud was tipped by ignoring the conspicuously obvious.
Analogy of tax credit abuse shell game used by Scissortail and 10 others.
10 more tax credit scams like the Scissortail scheme that reaped 540% in unearned profits.
Time to aim the finger of blame at the Oklahoma Tax Commission's game!
How OTC uses public money to hold sway over Oklahoma's government!
How OTC allowed Scissortail's $5.40 for each $1 invested
$421 million in false claims slipped by Oklahoma officials' turned backs?
How tax credits used to steal state funds off the record, defeating Oklahoma's balanced budget!
Cease and Desist Order against FSB Bancorp and Affiliates
Will the FDIC be successful in locating the Altus group's financial records?
Ventures Known To Abuse Tax Credits
Some known operators and users of tax credit abuse program
$370 000 in questionable campaign funds
Newly uncovered documents expose more tax credit abuse details.
Where is $389 million investment used to justify $126 million in tax credits?
$66.3 million in tax credits only created 73 jobs before business went broke!
Tax credit letter proves loopholes remain open
Dubious Relations Lobbyist and Lawmaker
Tax Credit Beneficiaries Contributions To Lawmaker Writing Bill
Evidence Tax Credit Loopholes Were Never Closed
One way the tax credit scam works
Who is taking how much in Oklahoma Tax Credits
CAPCOs Taking Tax Credits
Are Oklahoma officials profiting from business investment incentive program?
OK officials cover for fleeing bank failure suspects! Part 1
FDIC seizes First State Bank Altus, Oklahoma
The Cover Up, creating the legal means to hide official involvement!
Tax shelter operated by secret arm of MetaFund, a bank and church supported non-profit LLC
Did REI New Markets Investment get tax credits for investment purchasing billboards in other states?
How the law enabling tax credit fraud came about
Corporate income tax drop slashes Oklahoma's budget
State Whitewashing Letter Exposing Tax Credit Loophole Remains Open
Foot print of a government fraud
A sweet deal. Let's Sweethearts Steal.
Rep. Kevin Calvey Federal Election Commission Form 3
Capital Formation Incentice Act the flawed law
Tax credit abuse cost to public
Deceptive Acts! Oklahoma lawmakers repeated failures to closee loopholes!
Failure to do due diligence before investing state money!
Sooner Tax Tumors
Real Case Demostration Of How Tax Credit Scheme Works
Oklahoma's cancerous tax credit abuse fraud
Follow the campaign money trail
Tax commission issued determination letters for $330 million more in mostly new programs that did not qualify under the grandfather clause as claimed.
State Auditor's report calling for more transparency is totally disregarded.
Oklahoma's tax credit abuse scheme losses
Comparison - Private Venture Capital, Insurance CAPCO; Oklahoma's CAPCO
Investments
News Articles Exposing Altus Ventures
What qualifies as a wealthy or accredited investor?
Using artificial, bogus; dummy or fake loan schemes for fraud.
Tax Credit Abuse Summary
OTC's coverup scheme using misleading and deceptive information
Oklahoma's 'audit immune fraud' skimming $100's millions in tax Revenue.
New information exposing hidden tax credit abuse causing tax revenue shortfalls
Did OK officials pocket half of $90 million in tax credits taken to buy billboards in other states?
Is the Oklahoman covering a Gaylord family connection to tax credit abuse?
OK's secret state income tax avoidance scheme, for the wealthy and corporation!
Myths and truths about Oklahoma's economy development programs
Is the Oklahoma Tax Commission misreporting information
How hired gun tax attorneys are selling worthless opinions
IRS Clamping Down On Worthless Tax Attorney Opinions
Bill to end 'shell game' goes to governor
Fix for tax credit fiasco to be put on table
Explaining Venture capital
Tax credits may cost state millions
Heat's on tax credit program
Senate approves plan to close loophole but failed
Tax credit legislation signed out of committee
False claims they loopholes were closed
Tax Credit Abuse News Articles
Tax Credits Await Changes - which never came
Tax windfall covers 10 years for wealthy Oklahomans
House moratorium scratched
One example of tax credit abuse shell game
IRS Crackdown on Tax Shelters
Gov Henry Acts
Taxpayers in dark on tax incentive scheme
Tax credit being abused
Loophole in tax law threatens budget
Altus group involved in GOP push to take over Senate
House votes for bill introduced to put brakes on tax credits
Calvey gets big donations from venture capitalists
Bill to end tax credit abuse signed
Oklahoma's Capital Formation Incentive Act
OK officials reaping huge profits selling tax credits
How the public was misled into believing the tax credit abuse loophole had been closed.
Prowling Owl Blogging on Tax Credit Abuses