Basic Timeline for Mar 2004 - Dec 2018
For a list of other timelines.View
Below is the base timeline for other timelines, and is based on a composite chart of bank reports for First State Bank Altus OK and subsidiaries assets. More on the Altus bank's subsidiaries, including bank mirroring accounts used to embezzle and launder criminal profits. View
Consider in light of the following and evidence uncovered.
- Compare the size of the bank's assets and bank regulators charters/purposes. The bank was closed by the Oklahoma State Banking Dept., July 31, 2009, for being $8 million off-balance. $99 million liabilities and $91 million assets. These discrepancies were roughly the amounts of bank assets when Doughty created $643 million fake loans Dec 2005, and authorities covered-up in 2006, when the bank had only $26 million in subsidiaries assets.
- These are non-banking bank subsidiaries and are not FDIC backed. The FDIC did not seize the subsidiaries' assets ($156 million) when the bank was closed on July 31, 2009. Note the subsidiaries' assets were $432 million at one point. Considering the bank and banker's history, the $156 million and $432 million is one of the money laundering red flags. History includes using mirroring account to steal from victims in Colorado, and the $25 million cashier's check Doughty created for Anderson to take to Dubai, UAE, and offshore banking center.
- $643 million in fraudulent loans (1). Altus Banks FDIC Reports.
- $432 million & $156 million (2) (3). Altus Banks Federal Reserve Reports.
- $220 million (4). Tax revenue theft pay-off $60 million for Altus Venture. However, Altus Venture was responsible for at least $96 million to $102 million and pocketed another $15 million from selling tax credits to Chaparral Energy (multiple uses of the same tax credits).
- $216 million (5) what was left in the bank's subsidiaries accounts when the bank was closed to cover-up July 31, 2009. $156 million (3) + $60 million Gross Production Tax Refund pay-off sup>(4) during the bank regulators, supposed bank examination Jan - July 2009. View.