Like the 1,000s of 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 of suspected fraudulent activities - BOK and Cimarron.

<< Back     Next >>        for index -

Index
SectionTopics
1 Cover letter
2 Overview
3 Fraudulent activities
4 How this occurred
5 Critical evidence tax commission emails
6 Evidence - examination and results
7 Ongoing tax credit investigation and achievements
8 Summary

June 7, 2010

SEC letter - Evidence of suspected fraudulent tax claims involving BOK and Cimarron Business Capital (cont)

Evidence of suspected fraudulent activities BOK Financial Corp (BOKF)

An examination of 2006 thru 2009 tax credit claims and SEC filings reveal

BOK misrepresented interest-bearing, secured loans as investments to obtain $91 million in tax credits; while avoiding the risks inherent with investments, ensuring the bank received interest on the funds and leaving no fingerprints for auditors and examiners.

The tax credits were then sold to key officers and board members for $19 million. BOK treated the $19 million as revenue, disregarding the $72 million in unearned profit passed on to insiders.

See the list of investments BOK represented as purchasing an ownership interest. Including the Roman Catholic Diocese of Tulsa, Oklahoma State Fair, Indian Tribal Governments, YMCA's, various non-profits, and even private individuals. View


How this occurred << Back     Next >> Critical evidence tax commission email


Copyright 2007 - 2024 ProwlingOwl.com   See disclosures   Email: taxwatch@prowlingowl.com.