Foot Notes

1. While this is mostly about Paul Harold Doughty, former owner president of First State Bank Altus OK and his partner, Fred Don Anderson, charged in the criminal trial OKWD 5:15-cr-00085. Anderson copped a plea on one count and the a jury convicted Doughty on nine counts of bank fraud and conspiracy in spite of the DOJ's efforts to undermine its case. There are issues the DOJ withheld from the jury. Not the least of which was

It's a matter of Doughty and Anderson the FBI's "Big Shots" made the most mistakes. They were concurrently involved in crimes in Oklahoma and Colorado and exposed both by publicly boasting of their clever schemes. When victims in Colorado, caught on and challenged, the "Big Shots" hightailed back to Oklahoma so fast they forgot and left their server with financial records and emails in Colorado.

Evidence and emails found on the server:

  1. Are on file in Federal Court House Denver, Colorado.
  2. Case files were put on the server in late Dec 2008.

1.1. Altus Bank Group View.

2. Names redacted in the 1,500 blown-off Oklahoma Tax Commissions emails (1), that tripped-up the FBI's cover-up. These emails were for only five (21), of Oklahoma's 63 tax credit types (19), three tax refund types, and one 17-month period. Nov 2008 - Apr 2010, a significant time frame. Oklahoma Tax Revenue Theft.

3. List of subsidiaries and affiliates. First State Bank Altus, OK. FSB Bancorp (bank holding company), subsidiaries, and affiliates, including Altus Ventures LLC, FSB Development Capital LLC, Quartz Mountain Aerospace (QMA), Ethanol Products Group (EPG). EAS Completions LLC, Affinity Ventures. Affinity Ventures owned by Robert McDonald head of Capital West Securities (formerly Stifel Nicolaus).

3.1 Common ownership elimiates accountability. Altus Venture and Quartz Mountain Aerospace (QMA) are both subsidiaries of First State Bank, Altus, OK - the Altus OK Bank Group. Like most of Oklahoma's shared investment fund tax credit claims, one party controls all three legs. The Fund, Investor(s), and Investment Target(s). That's not good. No accountability and the state doesn't hold anyone accountable. That is only one of many problems.

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4. Colorado bank fraud investigation. 2007 Aug victims in Colorado exposed the Altus Bank Group. The victims captured the Altus Bank Group's financial records and emails. A 4,000-acre resort area land development partnership scam (potentially $3 billion) was exposed at $25 million. The partnership was Mountain Adventure Properties LLC (MAPI) comprised of two landowner groups' a bank and a construction firm. The bank and construction firm teamed up to steal the two land owner groups property. To pull it off required multiple levels of crimes. View

Level 1: Using a combination of bank loan fraud and mortgage fraud scams, in combination with construction liens, and then withholding the books from the two landowner partner groups.

Level 2: Smaller secondary crimes include more bank loan frauds, straw loan buyers, kickbacks, and appraiser fraud, and Denver CO Federal Court case 08-01211-ABC Mountain Adventure Property Investments, LLC v. FSB Bancorp, Inc., et al.

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5. 2006 new articles re Tax Credit Abuse Controversy. $221 million Quartz Mountain Aerospace (QMA) investment claim. Claims uncovered revealed the $221 million was split between Altus Venture $200 million ($60 million tax credits), and Affinity Ventures $21 million ($6 million tax credits). Affinity Ventures filed seven other investment claims, including EPG, in 2006. Affinity Ventures filed more tax credit investment claims in 2009 after the cover-up. Key News Articles Combined

Lawmakers covered-up by claiming unidentified attorney's (the now-defunct Andrews Davis Law firm) had found a loophole that allowed claiming bank loans as investments. Lawmakers claimed they closed the loophole with SB1577. View

FDIC bank reports (Dec 2005) and revealed the loans were fraudulent and part of $643 "unused loan commitments", Paul Doughty created for six shell LLCs with no assets. The bank's total assets were about $100 million and already FDIC loan capacity. The names and loan amounts were later verified by the bank that took over after the Altus bank was closed to cover-up July 2009.

5-11-cv-01221-JWL FDIC sued Andrews Davis Law and attorneys Matthew Griffith and Joe Rockett, claiming they gave Paul Doughty bad legal advice re loans in Colorado during the same time period 2006. Andrews Davis settled out of court and paid a $600K fine.

OKWD judges recused and the case was passed off to the Kansas District Court. 2016 Federal Criminal Trial.

5.1. Chaparral Energy created evidence of corruption after being caught off guard by the Tulsa World exposed Altus Venture March 30, 2006. March 30, 2006 late PM Chaparral Energy filed an SEC stock filing amendment, declaring they had failed to report they had previously bought $20 million tax credits from Altus Venture at half-price. Chaparral later purchased another $10 million tax credits at half-price. Chaparral had to continue accounting the $30 million. This serves as a critical element in following the money trail and is part of the evidence. View

5.2. The Altus bank was closed to cover-up July 2009 supposedly because the bank was $8 million off-balance. Bank reports show the bank had $91 million assets and $99 million liabilities. Bank regulators failed to account for $216 million in subsidiaries' accounts. The $156 million showing in the bank holding company's Federal Reserve subsidiaries report, and $60 million gross production tax refunds paid Altus Venture during the bank examination, Jan - Jul 2009. View

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5.3. 2008 Nov. Quartz Mountain Aerospace (QMA) failed because QMA never received the $221 million claimed. Exposing the same crimes for the third time in less than three years. State law required the Oklahoma Tax Commission to recover not only Altus Ventures but others' tax credits.

Instead, four boxes of counterfeit 2006 tax credits for tax refunds claims filed in early 2007 mysteriously appeared at OTC View. OTC swapped the counterfeit 2006 tax credits for gross production tax refunds. (9).

There is much more to this (7).

These claims were kept hidden while the same tax credits were being sold and used in other ways (17) during the intervening period.

OTC emails show OTC swapped $135 million tax credits for at least $183 million gross production tax refunds off the books. Another $14 million we can't account that gets us to $197 million.

Sub notes:

  • Nov 2008 was the start of the problematic payoff that generated the 1,500 blown-off OTC emails obtained in April 2010 that tripped-up the cover-up (9). This situation involved five of Oklahoma's sixty-three different tax credit types and three tax refund types (17).
  • One multiple use of tax credis was $30 million of Altus Venture $60 million tax credits sold to Chaparral Energy at half price. OTC swapped the $60 million and $30 million gross production tax refunds for the $60 million and $30 million tax credits. Between Altus Venture and Chaparral they turned $60 million counterfeit tax credits into a $105 million profit. View.
  • In other parts you will see reference to $185 million 2006 tax credits. $50 million was claimed under a different tax credit program 2357.7 Venture Capital (19) and is addressed here View.

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6. Altus Bank Group's server with financial records and emails captured by Colorado victims. Blown-off by authorities. The issue with the FBI agent not going after or having Colorado agents pick-up the sever in Colorado was when the agent told me I was a Confidential Informant and tried to convince I had to go after the server. This was one of several issues the agent tried to have me do, and I refused. That being, said there was much more to this.

6.1 The most drastic drop in oil price history, 70% occurred from July to November 2008 View. November 2008 the last phase of tax revenue theft started when QMA one of the fraudulent 2006 tax credit claims failed prematurely. Oklahoma was not collecting enough gross production tax revenue to pay the refunds, let alone fund the gross production tax share of the budget. Authorities pushing too finish pay-off by the end of FY 2009, had to divert funds from other programs. At the end of FY 2009, Oklahoma was $1.2 billion in the hole. Total revenue for the 1st Qtr. FY 2010 was only $1.3 billion. We'll get back to what authorities did.

6.2 Pending rash of bank failures, Madoff's self-exposure, and the SEC's public roasting. Bank regulators didn't want any part of that. View

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7. 1981/82 and the FBI/DOJ and FDIC's missing Oklahoma National Bank fraud investigation. Missing according to the FBI. Paul Harold Doughty was one of those accused by victims. Doughty was allowed to go back to work in his father's bank, where he would soon become president, then later took over as Chairman of the Board and president. During this period, Doughty was sued several times. Then, as now, Doughty and partners used their victims' money to fund lawsuits, and victims had little if any left. FBI's Missing 1982 Bank Investigation

8. These were not the first or last mistakes and not the first or last attempt to cover-up their own and other authorities' roles protecting the same Oklahoma banker Paul Harold Doughty and his partners. Check out evidence for what happened involving Paul Harold Doughty in 1982 (ans suspect possibly 1981), 2006, 2008, 2009, 2010, 2012, 2014, 2016, 2017. Doughty's Cover-up History

9. The 1,500 blown-off Oklahoma Tax Commission emails and confidential tax letter rulings that tripped-up authorities 2009 cover-up. View

The OTC emails were obtained by a State Representative using an open records request but unable to request all 63 tax credit types (19). The State Representative requested the five tax credits structured for shared private investment funds. The emails also included three tax refund types used in tax revenue theft. The three tax refund types are lumped together as gross production tax (refunds).

What the FBI reacted too, were two sets of emails showing even more egregious fraudulent claims filed Dec 2009, by Bank of Oklahoma's and Foxborough, after the 2009 cover-up. View..

Later more 2009 claims were uncovered.

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10. Size totaling $3 billion for primarily seven of Oklahoma's 63 differert tax credits programs.

Five of the tax credit programs structured for shared private investment funds (CAPCOs), are the more complicated. Evidence uncovered for these five reveal 500 investment claims with $625 million tax credits by 25 funds claiming 125 View

Note: Four of these five tax credit types (19) fall under the Capital Formation Incentive Act and were involved in swapping for gross production tax refunds. The fifth type Venture Capital 68 2357.7 is used to avoid/evade paying insurance premium taxes. Yet to be uncovered tax credits used to avoid/evade paying bank privilege taxes. More on five ways (17) tax credits are monetized View

11. Confidential Informant framing was an act of Internet website retaliation I had contact with four FBI agents (names of two others) and two FDIC agents. That is too many to know.

18 U.S. Code § 1512 - Tampering with a witness, victim, or an informant.

18 U.S. Code § 1513 - Retaliating against a witness, victim, or an informant.

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12. Another $2 billion state authorities trying to cover-up, starting August 2009, diverted (stole) from 2009 Federal Stimulus Funds (earmarked for education and children's health care) and drained Oklahoma's, Rainy-Day Fund. $2 billion was all state authorities could get their hands on, but not enough to keep Oklahoma out of a recessionary tailspin. Stealing Federal Stimulus And Draining Oklahoma's Rainy Day To Cover-up View

13. Attempted bribery in the Colorado case, the FBI did not investigate, and after the OTC emails were uncovered. The FBI's wanted me to help frame one of the Colorado victims and an appraiser for appraiser fraud in Colorado. The DOJ would later accuse Fred Don Anderson, who would plead guilty on one count of conspiracy and an appraiser of appraiser fraud. Anderson admitted to his role in appraiser fraud in court. The DOJ also accused the appraiser of not being qualified. The FDIC OIG agent investigation report stated the appraiser was qualified, but the DOJ withheld from the jury. The FDIC OIG agent's report dated March 2016, was filed in Feb 2017, 8 months after the trial by the defense attorney. There were ongoing issues with the DOJ and FDIC and the FDIC's case files not being available for the trial due to some technical issues. The DOJ didn't want to delay the trial because of planned vacations.

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14. Colorado Evidence. Multiple court case files Federal Court House Denver CO. Primarily case 08-10744 ABC. View Colorado Combined .

15. Counterfeit tax credits refer to tax credits taken based on a fraudulent investment claim. We have multiple forms of evidence to prove. Multiple Forms Of Proof View. Evidence found in various federal bank reports, and SEC filings both stock and Form Ds. Evidence in state reports such as the investment claims OTC Form 518, 526, 527 that apply to five tax credit types structured for shared private investment funds (10), Openbooks and OTC emails.

As a general rule it appears federal reports tend to be accurate while state reports if reported are falsified.

16. Some of the crimes and evidence withheld from the jury:

  • Oklahoma: Tax revenue theft, bank loan fraud, money laundering, and other related crimes.
  • Colorado: Mortgage fraud, straw-loan buyer schemes, that included paying kickbacks, appraisal fraud, and money laundering. Appraisal fraud was the three-way contradiction the FBI v DOJ v FDIC versions. The FBI's version is what the FBI, using email, tried to bribe me to help frame one of the victims in the Colorado crimes. Three-way Contradicting Versions of Crimes and Victims View.
  • DOJ v FDIC contradicting version of crimes in Colorado lot loan.
  • FBI's role in the investigations.

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17. Four ways certain Oklahoma tax credits were monetized (counterfeit (15) tax credits are laundered) other than using to avoid or evade paying state income taxes. Tax credit claims were allowed to go undocumented, and no records kept for who had used which tax credits.

  • Swapping tax credits for gross production tax refunds. GP taxes are required to be withheld for non-resident mineral royalty owners. These were residents. The state does not keep track of GP taxes withheld. Keeping track is the responsibility of the well-producers/operators. Plus, outdated receipts used.
  • Insurance companies use tax credits in place of paying insurance premium taxes. A significant part of insurance premium taxes is earmarked to fund police and firefighter’s retirement fund.
  • Selling tax credits to others and both the seller and buyer swapping the same tax credits for gross production tax refunds. There is reason to believe some of the same tax credits were sold to and used by others to evade paying state income taxes.
  • Banks and other financial institutions use the tax credits in place of paying bank privilege taxes. The one way we have yet to uncover even one use.

18. Two special interest groups mineral royalty-owners and insurance companies that represent two of four ways (17) certain Oklahoma tax credits were monetized.

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19. Oklahoma's 63 tax credit types see attachment. Tax Credit Types.

A. Five tax credit types structured for shared private investment funds:

68 O.S. § 2357.7 Venture Capital Investment (VC). Use restricted to Bank of Oklahoma and Cimarron Business Capital. Use is authorized by Robert Heard the owner of Cimarron Business Capital.

Capital Formation Incentive Act (CFIA) and the tax credits swapped for gross production tax refunds.

68 O.S. § 2357.62 Small Business Capital (SBC) ***.

68 O.S. § 2357.63 Small Business Venture (In-conjunction) (SBV).

68 O.S. § 2357.73 Rural Small Business Capital (RSBC) ***.

68 O.S. § 2357.74 Rural Small Business Venture (In-conjunction) (RSBV) ***.

B. Seven other tax credit types used by insurance companies in lieu of paying Insurance premium taxes.

C. Two other tax credits involved to be addressed separated.

68 O.S. § 2357.4 Oklahoma Investment/New Jobs Credit (InvNJ) 2% or $1K per new job ***.

74 O.S. § 5085.7 Oklahoma Capital Investment Board (OCIB) tax credits. $100 million owned by Robert Heard.

D. These are generally referred to as Gross Production Tax Refunds or GP Tax refunds.

68 O.S. § 1001 Gross Production Tax on Certain Interests.

68 O.S. § 1101 Excise Tax on Petroleum Oil.

68 O.S. § 1102 Excise Tax on Natural Gas and Casinghead Gas.

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20. Kangarooed Federal Criminal Trial 5:15-cr-00086. June 2016, former Altus Oklahoma banker Paul H. Doughty was convicted by a jury on nine counts of bank fraud and conspiracy, despite the DOJ's efforts to undermine its case. Doughty's partner F. Don Anderson plead guilty on one count of conspiracy. Some of the crimes withheld from the jury.

$5 billion tax revenue theft.

Bank loan frauds. Evidence FDIC bank reports contradicting investment claims.

Contradicting SEC Form D filings. SEC Stock and Form Ds.

18 U.S. Code Chapter 73 - Obstruction of Justice.

18 U.S. Code § 1512 - Tampering with a witness, victim, or an informant.

18 U.S. Code § 1513 - Retaliating against a witness, victim, or an informant.

18 U.S. Code Chapter 95 - Racketeering.

18 U.S. Code Chapter 96 - Racketeer Influenced and Corrupt Organizations.

21. The five tax credits (19) are structured for shared private investment funds, are complicated, and require more extensive reporting. The Federal and State reports contradict investment claims but are not the only evidence:

  • Federal: SEC Form D's requirements, including filing apply. The SEC Form D's, where filed, contradict investment claims.
  • Federal: FDIC bank reports.
  • Federal: Federal reserve bank holding company and subsidiaries reports.
  • State law requires reporting the front-end, back-end, chain of custody (for tax credits transferred), and a separate report for the governor, and a few others. Only partial front-end reporting occurred before the 2009 cover-up. Also, no records were maintained by OTC for those who used which of these five tax credit types (19) before the 2009 cover-up.

All forms of evidence contradict investment claims.

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22. Hidden the crime/cover-up part: where tax credits allowed to go undocumented, no records kept for which tax credits have been used by who, and no reporting, all required by law. This was part of what the 1,500 blown-off Oklahoma Tax Commission emails revealed. View OTC Emails.

23. The total uncovered is now 16,000 (22) uses of $3 billion for 15 of Oklahoma 63 different tax credit types and three tax refund types, one four-year period 2006-2009, and only five of Oklahoma's 63 tax credit types.

24. Threats to silence reporting evidence found in the OTC emails, although some were reported it was claims filed after the 2009 cover-up that triggered the FBI's veiled death threats. The first threat was for bringing the BOK, and Foxborough claims to a meeting. The FBI had asked for the evidence and other information but insisted I use email. They would selectively use spam blocking to avoid. I used another method that would verify if they accepted the evidence, and they didn't accept the evidence. BOK and Foxborough.

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25. 2010 August Oklahoman news article re the Russian connection funding U.S. congressional election and FBI dismissed me as a Confidential Informant (11). The Oklahoman (Gaylord's tabloid rag sheet) stopped short of connecting the aforementioned to the 2006 cover-up. .

26. FBI data breaches Oklahoma and the US wide mistakes this fits the time frame of the cover-up. The FBI is not coming clean. FBI Data Breach Oklahoma, FBI Data Breach U.S. wide.

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