July 2, 2010
Evidence suggests BOK Financial, BOKF: engaged in illegal tax credit and evasion activities. (cont)
3. Source of evidence (partial) 2001 - 2005, and 2010. Potentially $369 million more
3.1 Partial evidence for 2001 thru 2005
SEC filings(C) reveal BOK reported $46.7 million in revenue from selling insiders tax credits. Assuming the same model as used in 2006 - 2009 applied; this would involve $221 million in tax credits.
3.2 Most complete evidence January 2010
BOK filed an amendment to its 2008 tax credit return(C), stating $800 million had been omitted; increasing the amount BOK had remaining to invest and receive tax credits. BOK claimed investing $100 million in 2009 leaving $740 million to invest and receive another $148 million in tax credits.
(C) BOK or Cottonwood Valley Venture state tax credit investment claims
Source of evidence 2006 - 2009
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