Oklahoma tax commission documents exposing BOK Financial Corp (BOKF) activities.
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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

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!"

Notes: View


How this occurred << Back     Next >> Evidence - examination and results

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