Re: "Venture Capital Investment Tax Credits" (VC) state statute 68 § 2357.7. Oklahoma Capital Investment Board (OCIB) tax credits 74 § 5085 and Oklahoma Investment/New Jobs Credit 68 § 2357.4. Bank of Oklahoma, Cimarron Business Capital and Oklahoma Capital Investment Board (OCIB)

Venture Capitial (VC) is 1) the term describing a specific type of high risk investing where investors are proactively involved in management and access to the books and 2) used by Oklahoma lawmakers to name one of sixty three different state tax credit programs. State statute 68 § 2357.7

For tax credit fraud involving "Small Business" and "Rural Small Business" Capital tax credit programs. View more

Oklahoma's little known "Venture Capital"⁽³⁾ tax credit program, restricted to two users, could have potentially cost Oklahoma tax payers more than $400 million in unearned tax credits. The list of investments claimed to receive tax credits, look suspiciously like Bank of Oklahoma, claimed ordinary interest bearing secured, bank loans as investments, to obtain tax credits.

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Different reports are filed to help eliminate any confusion between the different violations and crimes that fall under jurisdiction of different agencies.