False Small and Rural Small Business claims

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.

Partial list⁽¹⁾ of false economic development investment claims filed to obtain $100s million in unearned tax credits, using Oklahoma's Capital Formation Incentive Act, which provides for four different tax credits, all falsely reported⁽²⁾ or unreported⁽²⁾ to hide fraud.

62% False information substituted ⁽²⁾

Small Business Capital Companies⁽³⁾
Rural Small Business Capital Companies⁽⁵⁾

38% Unreported⁽¹⁾

Small Business Ventures⁽⁴⁾
Rural Small Business Ventures⁽⁶⁾

Other false investment claims using Oklahoma Venture Capital tax credits, and involving Bank of Oklahoma and Cimarron Business Capital. View more

Evidence Paul Doughty used Counterfeit loans documents to file false tax credit claims.

President of co. exposes Paul Doughty's false tax credit claims!

Chaparral Energy

Scissortail

MetaFund

REI New Markets Investment, Rural Enterprises of Oklahoma
Gladstone Capital, Lindmark Outdoor Advertising.

Foxborough, Josh Brim, Barry Switzer
WPG Investments, Frank McGuire

Oak Hills, Avondale Investments, Donald Dillingham

Claiming city payments to construction contractor as an investment.

Tax credits allowed for claiming city payment to construction contractor was an investment.

New nursing home tax credit fraud scheme!

New nursing home owner sell nursing home back to themselves, laundering the money to claim tax credits!

Claiming state funds as an investment.

Is a state agency supplying investments funds for others to receive tax credits? And, who?

Weyerhaeuser

Great Plains Airline

RocketPlane

Notes:

1. Partial list - limited resources, fighting cover-up, has allowed to time.

2. 68 O.S. 205, Confidential Nature of Records and Files of Tax Commission
68 O.S. 46, Single Public Website Providing State Revenue, Expenditures, and Other Information

3. 68 O.S. 2357.62 - Tax Credit for Qualified Investment in Qualified Small Business Capital Companies - Pass-Through Entities
4. 68 O.S. 2357.63 - Tax Credit for Qualified Investments in Oklahoma Small Business Ventures - Pass-Through Entities

5. 68 O.S. 2357.73 - Tax Credit for Qualified Investment in Qualified Rural Small Business Capital Companies - Pass-Through Entities
6. 68 O.S. 2357.74 - Tax Credit for Qualified Investment in Oklahoma Rural Small Business Ventures - Pass-Through Entities