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.

Suspicious BOK Financial Corp (BOKF), tax credit and tax evasion activities.

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Index
Section		Topics
A		Cover letter
B		Unearned gains, BOK and insiders.
B.1		BOK Financial Corp - Unreported Income and Tax Years
B.2		BOK Financial Corp Insiders
B.3		Robert G Heard - Cimarron Business Capital Company
1		How the fraud works
1.1		BOK's list of investments
1.2		BOK claimed venture Capital investments for ineligible for businesses
1.3		Additional evidence
2		Source of evidence 2006 – 2009
2.1		Oklahoma Tax Commission auditor's questioning claim ignored
2.2		Fraudulent financial transactions
2.3		Failure to report income to avoid paying federal taxes
3		Source of evidence (partial) 2001–2005, 2010. Potentially $369 million more
3.1		Partial evidence for 2001 thru 2005
3.2		Most complete evidence January 2010
4		Tax credit programs operated in secrecy, to prevent discovery
4.1		First, a quasi-state agency
4.2		Second, OCIB was assigned sole authority
4.3		Third, Heard the president outsources OCIB to self
4.4		Heard authorizes himself $3.4 million and BOK $91 million in tax credits
5		Involved parties
5.1		Caution over confusion
6		References

July 2, 2010

Evidence suggests BOK Financial BOKF: engaged in illegal tax credit and evasion activities. (cont)

Unearned gains, BOK, and insiders.

BOK Financial Corp - Unreported Income and Tax Years
		Totals
2006		$17,784,405
2007		$35,151,614
2008		$19,449,048
	Total BOK losses	$72,385,067

BOK Financial Corp Insiders
	Amount insiders paid BOK	Amount tax credits insiders received	Total insiders paid	Total insiders received
George Kaiser	Chairman of Board
2006	$4,100,000	$19,523,810
2007	$9,234,100	$43,971,905
2008	$5,070,000	$24,142,857
	George Kaiser	Total	$18,404,100	$87,638,572

Stan Lybarger	President and CEO
2006	$117,500	$559,524
2007	$110,000	$523,810
2008	$100,000	$476,190
	Stan Lybarger	Total	$327,500	$1,559,524

2006	Burns Hargis	Board member	$50,000	$238,095
2006	Mark Funke	Executive officer	$20,000	$95,238
2006	Gregory Allen	Board member	$440,000	$2,095,238

	All insiders	Total	$19,241,600	$91,626,667

Robert G Heard - Cimarron Business Capital Company
	Paid	Received	Total paid	Total received
Robert G Heard	Manager & Investor
2006	$0	$1,727,179
2007	$0	$861,329
2008	$0	$987,985
	Robert G Heard	Total	$0	$3,576,493

Cover letter << Back Next >> How fraud works