Like the 1,000s of 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 for a Multi-State Entanglement of Crimes and Cover-up.

Evidence includes multiple forms of proof of the same crimes. View

Note A: Below are more specifics for the Altus OK Bank Group concurrently involved in crimes in two states.

How do we know? These are multi-step crimes that take years for evidence to evolve and for evidence to be uncovered. We first uncovered the early steps of the crimes. Then we uncovered Confidential Tax Letter Rulings describing how the schemes worked, the names showing who stole how much, and finally, how the stolen tax revenue was laundered.

Click on any issue to expand the list.

FBI, Bank Regulators, and State Authorities cover-up, and framing innocent parties; including framing me as a Confidential Informant:
Crimes Crimes Occurred(a) Crimes Uncovered(b) View
So much evidence uncovered it had to be divided into groups.   
A. and B. are variations of the same list   
  • A. List of Evidence Newest version
  • 2011->20172011->????This Page
  • B. FBI, Bank Regulators, and State Authorities cover-up, and framing innocent parties; including framing me as a Confidential Informant.
  • 2011->20172011->201View
  • C. List of Evidence, The original version and Long
  • 2011->20172011->201View<
  • EvidenceListTest.cfm Dates flipped to left
  • 2011->20172011->201View<
  • MoreEvidencenOfFraud.cfm Short
  • 2011->20172011->201View<
  • We have uncovered multiple forms of evidence exposing various criminal acts and different forms of corruption and cover-up. Diagram
  • 2011->20222011->2022View MultipleFormsOfProof.cfm<
        
  • Evidence Diagramed
  • 2011->20172011->201View<
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  • EvidenceList Work.cfm
  • 2011->20172011->201View<
  • EvidenceList.cfm
  • 2011->20172011->201View<
  • EvidenceList110820.cfm
  • 2011->20172011->201View<
  • EvidenceList2.cfm
  • 2011->20172011->201View<
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    Evidence Crimes Occurred(a) Crimes Uncovered(b) View
    Failure to file required reports or file reports with false information to mislead the public.  
    More crimes, including fraudulent claims, were filed and uncovered after the 2009 cover-up. The evidence found includes but is not limited to the following:  
  • Oklahoma had 63 tax credit types and at least four tax refund types that were misreported or never reported.
  • FY06->FY10FY14View
  • $5 billion hidden tax revenue abuse in one four-year period. Approximately the same as Oklahoma's annual budget during this period.
  • FY06->FY10FY14(18)
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    Contradicting Court Case Filings Crimes Occurred(a) Crimes Uncovered(b) View
  • 30+ related court trial cases. Contradicting evidence is found in 30+ related civil court case filings in four states: Colorado, Kansas, Oklahoma, and Oregon. That typically happens when criminals make mistakes that expose their crimes and start suing each other.
  • 2008->20172008->2017View
  • Three mutually contradicting versions of crimes DOJ v FDIC v FBI. This involves two court trials DOJ v FDIC with contradicting versions of appraiser fraud in Colorado and FBI emails trying to bribe me to help (yet another version) frame innocent parties in Colorado for appraiser fraud. Each agency was trying to make itself look the best.
  •   (15)
  • Kangaroo court cases and trials to cover-up the authorities' roles in corruption and prior cover-ups.
  • 2011->20172011->201(1.7)
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    Evidence Crimes Occurred(a) Crimes Uncovered(b) View
  • In short, multiple forms of evidence prove: corruption and contradict federal and state case trials.
  •    
  • Multiple forms of proof for the above and more evidence uncovered by victims but blown-off.
  • 2006????View
  • Multiple uses of the same counterfeit tax credits by the same and different parties during one four-year period. See The Five different ways tax credits are monetized (cashed in).
  • 2006????(3)(17)(29)
        
    Evidence Crimes Occurred(a) Crimes Uncovered(b) View
  • 1,300 hidden tax credits and tax refunds used off the books in two ways: exchanging 200 tax credits for gross production tax refunds; and insurance companies using 1,100 tax credits to avoid paying "Insurance Premium Taxes." These represent two of five ways certain (counterfeit) Oklahoma tax credits were monetized.
  • 2006->2008FY12(14) (17)
  • Economic development (bait and switch) investment funding fraud. Both public and private in both Oklahoma and Colorado.
  • 2005->????2006->???? View
  • More Bait & Switch Investment Fraud Red Flags Oklahoma and Colorado.
  • 2005->????2006->????View
  • Fraudulent tax credit investment claims included counterfeit (fraudulently obtained) tax credits found in the Confidential Oklahoma Tax Commission (OTC) emails.
  • 2005->????2006->????
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    Evidence Crimes Occurred(a) Crimes Uncovered(b) View
  • Evidence shows that corrupted "Openbooks" was used to hide 16,000 uses of $3 billion hidden tax refunds(18.1) and 15 of Oklahoma's 63 (different) tax credit types and four of Oklahoma's tax refund types(13) during one four-year period, 2006-2009.
  • FY06->FY10FY14View 1 View 2
  • False Reporting
  • 20082013View
  • False and Delayed Tax Reporting(13)
  • 20082013View
  • Another $2.1 billion was stolen - diverted and drained - from Federal Stimulus Funds and Oklahoma's Rainy-Day Fund to cover-up theft losses.
  • FY10->FY11FY10->FY12View (18.2)
  • $2.1 billion was all there was to steal without raising suspicions after authorities had already robbed funds from other budgeted items. This phase of theft to cover-up started immediately (Aug 2009) after OTC had finished paying off (laundering the fraudulent tax credits)and FSB Altus was closed (July 31, 2009) to cover-up multiple crimes.
  • FY2009FY2009 
  • Where are the new jobs, economic growth, and tax revenue?
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    Evidence Crimes Occurred(a) Crimes Uncovered(b) View
    1,500 Confidential Oklahoma Tax Commission (OTC) emails. ???????????xxxxx
  • 1,500 Confidential Oklahoma Tax Commission (OTC) emails. For one hectic, 17-month period (Nov 2008-April 2010), when criminal mistakes peaked, some containing 100 pages and involving only 5 of Oklahoma's 63 different tax credit programs and three tax refunds.
  • ???????????xxxxx
  • 1,500 were an excessive number of emails. A rush swap 2006 for Gross Production Tax Refunds which were not reported. But the price of oil unexpectedly dropped 70% between July 2008 and Nov 2008. The demands for pay-off started in Nov 2008 because of both the sudden drop in oil price and the QMA failure exposing the QMA investment claim as false. This was verified by the Altus Groups' own financial records captured by victims of crimes in Colorado that were civilians, not corrupt government authorities.
  • ???????????xxxxx
  • The emails were obtained by a state representative who sent a series of "Open Records requests." to OTC.
  • ???????????xxxxx
  • Some emails had more than 100 pages of evidence.
  • ???????????xxxxx
  • The emails show why this was a hectic period for OTC - trying to facilitate fraud while more crimes were being exposed within and outside the emails.
  • ???????????xxxxx
  • The emails show evidence of crimes and cover-ups and include evidence of missing and false reporting.
  • ???????????xxxxx
  • Oklahoma tax credits and tax refunds have been kept hidden since the tax credit programs were first created in the 1960s. It seems shocking that no one believes there could be any wrong until you see the names of those profiting.
  • ???????????xxxxx
    What was found in the 1,500 confidential Oklahoma Tax Commission emails that caused the FBI and others to panic? The emails caused the FBI to turn to attempted bribery and threats. ???????????xxxxx
    Some emails had more than 100 pages.???????????xxxxx
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    Evidence Crimes Occurred(a) Crimes Uncovered(b) View
    122 Confidential Tax Letter Rulings (CTLR) used for IRS cover. 84 CTLR swere found in the OTC emails.20052010xxxxx
  • Most Confidential Tax Letter Rulings (CTLR) describe how the scams work to guarantee the tax credit buyers they will receive $2 or more in tax credits for each $1 invested (claimed).
  • ???????????xxxxx
  • Other Confidential Tax Letter Rulings (CTLR) were also used when investments failed because the investments hadn't received the money claimed to have been invested. OTC would declare the investment failures to be "Liquidity Events," allowing the fraudsters to keep their tax credits.
  • ???????????xxxxx
  • How I found the names redacted in the OTC emails. The names of those who issued the unearned tax refunds were initially redacted, but the codes associated with the names were not redacted. In 2018, I located the list of codes with names. The most significant amounts of stolen tax revenue went to those ineligible for several reasons. Some names had been changed to hide further. For the record, the names and codes are a matter of public record available to anyone.
  • 2005currentView
  • Names and amounts uncovered for crimes involving First State Bank Altus, OK, that the FBI and other authorities covered-up
  • ???????????View
  • How the scam worked are described in 84 Confidential Tax Letter Rulings (CTLR) found in the OTC emails.
  • ???????????xxxxx
  • Provided rulings to allow businesses that failed (because they did receive the money claimed) to be ruled a liquidity event and allow criminals to keep their unearned tax credits
  • ???????????xxxxx
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    Crimes Crimes Occurred(a) Crimes Uncovered(b) View
  • Gross Production Tax Revenue Theft and Problematic Payoff!
  • xxxxxxxxView
  • Money Laundering, 1 of 2.
  • xxxxxxxxView
  • Two ways to launder stolen tax revenue: paying profit sharing and bonuses to those who help steal public funds.
  • xxxxxxxxView
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    Crimes Crimes Occurred(a) Crimes Uncovered(b) View

    An investigation was ostensibly issued in January 2009.

    The Bank audit was completed in July 2009, and the FDIC seized First State Bank Of Altus, OK, for only having $91 million in assets and $99 million in debts. Yet the FDIC ignored and did not seize the $216 million. The bank was taken over by Herring Bank, Amarillo, Texas.

    Numerous issues remain unresolved, and the status of the bank holding company FSB Bancorp and its Subsidiaries remain unclear. Debtor issues (what happened to the $216 million) forced Quartz Mountain Aerospace, Inc., to officially file for bankruptcy.

    In January 2009, the FDIC issued a Cease and Desist Order against First State Bank Of Altus OK. According to an FDIC Investigator, the FDIC restricted forensic auditors from examining key parts of the bank's records, including fraudulent bank loans. In February, the Federal Reserve Board issued an expanded Cease and Desist Order to include the bank holding company FSB Bancorp and Subsidiaries; and ordered a full-scope audit. When the audit supposedly occurred, the Federal Reserve Board did not participate in the audit.

    Federal court filings show QMA was broke 14 months after Altus Venture claimed to have invested $221 million in QMA in October 2006, and Altus Venture was allowed to take $66 million $66 million in tax credits for claiming to have invested $221 million in QMA. Federal court filings revealed QMA was broke 14 months after supposedly receiving a $221 million investment.

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    Note A: Below are more specifics for the Altus OK Bank Group that was concurrently involved in crimes in two states.
    More specific Evidence: Crimes Occurred(a) Crimes Uncovered(b) View
  • Oklahoma crimes: Economic development fraud, bank loan and mortgage fraud, tax revenue theft, money laundering, and election funding fraud.
  • 2005???? 
  • First State Bank (FSB) Altus OK, Bank Group was concurrently involved in crimes in both Oklahoma (public investment fundingfraud) and Colorado (private fraud).
  • 20052009View
  • The FSB Altus Bank Group was involved in economic development fraud, financial and mortgage fraud, tax credit and tax refund fraud, money laundering, and telephone logs filed with authorities and media.
  • 20052009View
  • FDIC and Federal Reserve reports for the FSB Altus Bank Group
  • 20042009View
  • Bank of Oklahoma (BOK) and Foxborough were each involved in separate crimes after the FBI and FDIC 2009 cover-up. Evidence of these crimes was found in the OTC emails and resulted in FBI threats.
  • 2006????View
  • Crimes included: Bank fraud, economic development fraud (federal tax credits), money laundering, using two banks, and mirroring accounts. In one case, a mirroring account was in Texas, and another in Dubai, UAE, an offshore banking center to hide stolen Oklahoma tax revenue.
  • 20062007View
  • Election Funding Fraud and the Russian Connection.
  • 2008????(30)
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    Evidence Crimes Occurred(a) Crimes Uncovered(b) View
  • Colorado crimes: Referred to (in court trials) as Mountain Adventures Properties Investments (MAPI).
  • 20062007View
  • Crimes included: Bank fraud, economic development fraud (federal tax credits), money laundering, using two banks, and mirroring accounts. In the Colorado case, the Altus bank partners set up mirror accounts at First State Bank Altus, mirroring the victim partners' bank accounts in Colorado. When the Altus bank partners issued the victim partners checks for their shares of profit, the Altus bank partners deposited the check in the mirror account setup at the Altus bank. They never told the victim's partners.
  • 20062007View
  • First State Bank (FSB) Altus OK, Bank Group was concurrently involved in crimes in both Oklahoma and Colorado.
  • 20052009View
  • Vectra Bank Steamboat Springs, CO. Embezzling funds from a Colorado (victim) account holder and sending the funds to a mirror account setup at FSB Altus in the name of the victim.
  • 20052009View
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    Evidence Crimes Occurred(a) Crimes Uncovered(b) View
  • Reports, documents, emails, telephone and video logs filed with authorities and media.
  • 2006????View
  • Federal bank reports for key banks contradict investment claims by bank subsidiaries. FDIC (bank) and Federal Reserve (bank subsidiaries), and more....
  • 2006????View
  • The Altus bank group’s server was confiscated by victims in Colorado. The server contained the Altus bank group’s financial records and emails - proof of crimes in Colorado, Alabama, and Oklahoma (tax credit counterfeiting and authority's cover-up) Altus Bank Group’s financial records.
  • 20062007 (1.1) (1.4) (1.5)
  • SEC stock filings, SEC Form Ds, etc.
  • 2006????View
  • 3,000 emails, telephone, and video logs with names.
  • 2007????
  • 300 FBI and FDIC emails, telephone, and video logs between agents and myself(1).
  • 20082011View
  • 1,500 Confidential Oklahoma Tax Commission (OTC) emails: Emails that included Confidential Tax Letter Rulings (CTLR) that tied different phases (2006 and 2008/9) of certain crimes together and revealed evidence of more crimes. Certain crimes refer to crimes first exposed and covered up in 2006.
  • 20082011 (11) View
  • Confidential Tax Letter Rulings (CTLR) describing schemes found in the Confidential Oklahoma Tax Commission (OTC) emails. Tied different phases (2006 and 2008) of the crimes together
  •   View
  • Fraudulent tax credit investment claims included counterfeit (fraudulently obtained) tax credits found in the Confidential Oklahoma Tax Commission (OTC) emails.
  • 2005->????2006->????
  • 1,200 (a mixed bag of) emails and telephone logs between others that were involved, interested, or responsible for evidence and myself.
  • 20072012View (33)
  • Bank reports for First State Bank (FSB) Altus OK, Bank Group. The Bank Group was concurrently involved in crimes in both Oklahoma and Colorado. Evidence includes FDIC and Federal Reserve reports, documents, emails, telephone and video logs filed with authorities and media.
  • 20092010View
  • Bank of Oklahoma (BOK) and Foxborough were each involved in separate crimes after the FBI and FDIC 2009 cover-up. Evidence of these crimes was found in the OTC emails, resulting in FBI threats.
  • 20092010View
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    Evidence Crimes Occurred(a) Crimes Uncovered(b) View
  • Five hundred hidden tax credit investment claims (uncovered separately) involving $625 million tax credits by 25 funds claiming 125 investments for five of Oklahoma's 63 different tax credits types structured for shared private investments and for one four-year period. The five tax credits are a subset of the 15 investment funds addressed elsewhere.
  • 2006 20102007 CurrentView
    Virtually all tax revenue and tax distribution records, or most of what has been reported, were falsified and unaudited.   
    That leaves nearly 50 tax credits that are still covered up.   
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    Evidence Crimes Occurred(a) Crimes Uncovered(b) View
  • Events Timelines. Key in understanding cause and effects. Mistakes and knee-jerk reactions cause more crimes and create more evidence.
  • 2005????View
  • Entanglement Diagrams.
  • 2006????View
  • Key News Articles.
  • 2006????View
  • More News Articles.
  • 2006????View
  • It costs Oklahoma taxpayers $5 billion during one four-year period. $5 billion was Oklahoma's average annual budget. More below...
  • 2006->20172007->2020View
  • Five different ways used to monetize (cash in and laundered) fraudulent tax credits. Simply put, counterfeit tax credits.
  •    
  • The Five different hidden ways.
  • 2006???(17)
  • Three of the five hidden ways have been uncovered. But not all of those using the three ways have been completely uncovered. How do we know? These are multi-step crimes. We have uncovered the early steps of more crimes than we have uncovered the remaining steps. I am a private citizen that doesn't have the authority to subpoena evidence or require anyone to tell the truth.
  • 2006???(17)
  • Using Tax Credits in the most known form to avoid or evade paying taxes.
  • 2006???????
  • Selling tax credits at discounts.
  • 2006???????
  • Exchanging tax credits for Gross Production Tax Refunds.
  • 2006???????
  • Both buyers and sellers of tax credits use the same tax credits over and over for years.
  • 2006???????
  • Two of the five ways to monetize tax credits that are yet to be accounted for (or uncovered) are Bank Privilege Taxes and Insurance Premiums Taxes.
  • 2006???(17)
  • Bank Privilege Tax(17): Tax credits used by banks to avoid paying bank taxes. Banks that are not required to pay state income taxes.
  •   View
  • Insurance Premium Tax: Tax credits used by Insurance companies to avoid paying Insurance Premium Taxes. Insurance companies are not required to pay state income taxes.
  •   View
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    Crimes Crimes Occurred(a) Crimes Uncovered(b) View
  • Size $5 billion, 16,000 hidden users tax credits and tax refunds.
  • xxxxxxxxView
  • Money Laundering schemes are pitifully weak.
  • xxxxxxxxView
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    Crimes 2006 thru 2009 when the bank was closed. View
    Capco Funds3
    Investors5
    Target businesses7
    Claimed amount Invested in Capco$271,669,225
    Claimed amount invested in Target businesses$271,669,225
    Tax credits allowed77,264,529
    Evidence uncovered shows some tax credits were used multiple times77,264,529
        
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  • A major complication for the pay-off was the most drastic drop in oil price history (70%) July to November 2008.
  • View
  • The pay-off scheme was to use gross production refunds, but with the drastic drop in oil prices and a more significant drop in gross production revenue, the state was not collecting enough GP Tax revenue to pay-off the fraudulently obtained tax credits let alone fund the budget items gross production taxes were allocated to fund.
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  • This involves both economic development fraud (bait and switch investment funding fraud) and election funding fraud. Two of the most politically sacrosanct issues.
  • View
      
    Specific Notes:View
  • Crimes Occurred. Approximate period different crimes that were uncovered occurred.
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  • Crimes Uncovered. Approximate period evidence was uncovered in parts or in whole.
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