SEC letter - How BOK and Cimarron Business Capital obtained unearned tax credits (cont)
Critical evidence, tax commission email
Copies of tax commission emails (redacted, typically excessively) were obtained by a state representative.
This information, until now held in strict confidence was found in a January 2010 email an Oklahoma Tax Commission auditor, Charles Robertson to Dawn Cash, director of tax policy, who ignored the auditor. The auditor questioned two suspicious related claims, filed by a BOK subsidiary, Cottonwood Valley Ventures'.
1) an amended 2008 tax credit claim,(c) claiming an additional $800 million investment, reportedly received more than one year earlier, from CVV Partnership, another of BOK's subsidiaries.
2) 2009 tax credit claiming $20 million in "Venture Capital" tax credits, for $99 million invested in 2009, even though the program ended December 31, 2008. Cottonwood claimed the forgotten, $800 million invested, in 2008, was still eligible.
Note: The auditor only addressed the matters within the tax commission's scope, and not issues Heard had responsibility, such as valid investment claims, as previously explained. See "How this occurred - difficult to imagine, yet documented!"