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.
MAPI - Mountain Adventures Properties Investments partnership, 4,000-acre resort area, Steamboat Springs, Colorado
Altus bank group. Paul Harold Doughty, owner and president of First State Bank Altus OK, bank holding company FSB Bancorp and subsidiaries, Doughty's partner Fred Don Anderson, and others.Landowners kicked-in land and the Altus bank group was supposed to fund the development.
Altus banker Paul Doughty, although a partner through in ownership in Altus Venture (1), remained outside the MAPI partnership management and made the loans to MAPI. Doughty's partner Fred Don Anderson served as the MAPI partnership manager and signed the loans (non-recourse loans(2)) mortgaging the landowner/partners land.
Anderson and Doughty then embezzled the loan proceeds using a variety of ways, including using bank mirroring accounts. Anderson failed to make loan and construction (infrastructure) payments.
When the victims caught on and challenged the Altus bank group, Doughty foreclosed on the loans.
(1) Altus Venture ownership 51% FSB Bancorp, 49% Fred Don Anderson.
(2) Non-recourse loans. Missing one payment allows foreclosing. Doughty did not foreclose on the first loans.
| Subject | Link |
| MAPI Executive Brief. | View |
| MAPI Overview. | View |
| Colorado MAPI Partnership Crimes. | View |
| Colorado Combined | View |
