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Gross Production Tax Revenue Theft and Problematic Payoff!

Below includes names recently uncovered and among those directly involved in Oklahoma tax revenue theft (Nov 2008 - July 2009), when an Altus OK Bank Group came under investigation for different crimes in the state of Colorado Jan 2009.

The point, some of the the Altus OK Bank Group is among the names recently uncovered, that proves for the umpteem tiem the Oklahoma Tax Commission swapped gross production tax refunds for counterfeit 2006 tax credits.

Public, economic development, investment funding fraud in Oklahoma and private investment funding fraud in Colorado. The Oklahoma area FBI, FDIC, and other authorities blocked the Colorado bank fraud investigation by stealing and not investigating the case. The FBI framed me as a Confidential Informant to use as a shield to avoid exposure to victims, witnesses, evidence in the Colorado case.

A year later the FBI's cover-up was tripped-up when a state representative obtained 1,500 Oklahoma Tax Commission (OTC) emails, Apr 2010. The emails exposed the theft and evidence of more frauds and crimes to cover-up. Key names redacted in the emails were recently uncovered. It's possible some were ghost names.

Details -

This phase of tax revenue theft occurred (Nov 2008 - Jul 2009) when the OTC swapped hidden counterfeit 2006 tax credits for tax refunds. These were the Capital Formation Incentive Act (CFIA) tax credits 68 2357.62, 2357.63, 2357.73, 2357.7; swapped for three types of gross production tax refunds. View

Evidence shows the same counterfeit tax credits were used multiple times, by different parties, during the period 2006-2009. Oklahoma Tax Commission emails revealed tax credits were not documented and no records for tax credit used.

Note: Altus Venture, Chaparral Energy LLC, and others used the same counterfeit tax credits 2006 - 2009.

This was only one phase of at least now more than 38 years of political corruption and crimes to cover-up, and one hell of a case of blind-eye denial.

These names were not needed. There was more than sufficient evidence to prove financial crimes and crimes to cover-up in Oklahoma and Colorado.

The following lists failed to match this list claimed 2006 tax credit investors shown here View

Ref: Evidence OTC CAPCO Tax Credit Reports View

Source Oklahoma Tax Commission emails obtained April 2010 and the recently uncovered OTC's "Gross Production Tax Codes" for names that were not redacted in the original emails. View

The swapping of CFIA tax credit for gross production tax refunds was allowed, for 2006 tax credits, if specific criteria were met. The specific criteria were not met, including but not limited to not having qualified paid gross production tax receipts.

Note: Only four of the users match the names of those reported as the tax credit investors as required, and the four largest of these tax credit users failed to meet other criteria. View


Table 1. Tax credit counterfeiters & launders. View

Table 2. Those who bought and used (laundered) other's counterfeit tax credits. View

Table 3. Those suspected of buying and using(laundering) other's counterfeit tax credits. View

Table 4. Claimed tax credits for investments. No records of tax credit usage. View

Table 5. Tax credits swapped for tax refunds. There is no chain of custody records showing how the tax credits were obtained. View

Table 1. Tax credit counterfeiters & launders.
IDOTC Code #OTC SBV CodeClaimed investor'sAmount claimed investedTax credits taken but not documented or recordedMinimum Tax refund fraud
1NoneNoneAltus Venture Capital Fund V, LLC$199,714,295 $59,914,289 $90,893,423
2NoneNoneScissortail Venture Capital Fund I, LLC$89,540,000 $26,862,000 $42,650,391
3NoneNoneOK Venture Cap Fund LLC(Oak Hills)$75,348,000 $22,604,400 $22,604,400
4NoneNoneAffinity Ventures Capital Fund 1, LLC$65,354,930 $15,944,529 $16,724,529
5  Total$429,957,225 $125,325,218 $189,441,134
 
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Table 2. Those who bought and used (laundered) other's counterfeit tax credits.
IDOTC Code #OTC SBV CodeClaimed investor'sAmount claimed investedSuspected source of purchased tax creditsMinimum Tax refund fraud
116896NoneChaparral Energy LLC (b)NoneAltus Venture$20,364,324
213292NoneCalumet Oil Co (a Chaparral Energy Sub) (b)NoneAltus Venture/Affinity Ventures$10,014,810
 
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Table 3. Those suspected of buying and using(laundering) other's counterfeit tax credits.
IDOTC Code #OTC SBV CodeClaimed investor'sAmount claimed investedSuspected source of purchased tax creditsMinimum Tax refund fraud
3NoneNoneSapulpa Auto PoolNoneAffinity Ventures$780,000
45815NoneLamamco Drilling CoNoneScissortail$5,920,647
55415NoneSamson Resources CoNoneScissortail$9,867,744
6Total$46,947,525
* Affinity Ventures claimed Sapulpa Auto Pool was a 2006 investment. Not an investor.
 
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Table 4. Claimed tax credits for investments. No records of tax credit usage.
IDOTC Code #OTC SBV CodeClaimed investor'sAmount claimed investedTax credits taken but not documented or recordedMinimum Tax refund fraud
1NoneNoneArgonaut Oklahoma LLC (BOK)$28,400,000$8,520,000Still hidden
2NoneNoneBOK Capital Services$800,000$160,000Still hidden
3NoneNoneFSB Development Capital, LLC$2,000,000$600,000Still hidden
4NoneNoneDavid Michael Lopez No. 1 Trust$24,000$4,800Still hidden
5NoneNoneJohn Patrick Lopez No. 1 Trust$24,000$4,800Still hidden
 
6NoneNoneKaren Lopez McWilliams No. 1 Trust$24,000$4,800Still hidden
7NoneNoneKathryn Lopez Thorley No. 1 Trust$24,000$4,800Still hidden
8NoneNoneKristen Lopez Berdin No. 1 Trust$24,000$4,800Still hidden
9NoneNoneTLW Venture Company, LLC$1,001,786$200,536Still hidden
10NoneNoneTom Ward (TLW Venture)$1,528,378$305,676Still hidden
 
11NoneNoneAubrey K. McClendon$23,997,000$5,999,250Still hidden
12NoneNoneCathleen Byrns McClendon Trust$421,000$105,250Still hidden
13NoneNoneJohn Connor McClendon Trust$421,000$105,250Still hidden
14NoneNoneMcClendon Venture Company, LLC$1,000,000$200,000Still hidden
15NoneNoneWilliam Upton McClendon Trust$421,000$105,250Still hidden
 
16NoneNone192 Investments LLC$80,441$16,088Still hidden
17NoneNoneBancFirst$17,500,000$3,500,000Still hidden
18NoneNoneBlair David Humphreys Irrevocable Trust$30,000$6,000Still hidden
19NoneNoneC. Ray Lees$6,781$1,535Still hidden
20NoneNoneCarl Edward$40,000$8,000Still hidden
 
21NoneNoneCentral Service Corporation$1,290,000$387,000Still hidden
22NoneNoneCharles E. Wiggin Revocable Trust$40,000$8,000Still hidden
23NoneNoneDouble B Ranch$40,000$8,000Still hidden
24NoneNoneDrisco Investments LLC$3,003,929$901,179Still hidden
25NoneNoneGrace Ann Humphreys Irrevocable Trust$30,000$6,000Still hidden
 
26NoneNoneGreg McKenzie$40,000$8,000Still hidden
27NoneNoneHumpreys Real Estate Investments, LLC$20,000$4,000Still hidden
28NoneNoneK74 Oil Company LLC$1,800,000$360,000Still hidden
29NoneNoneLarry Nichols$100,000$20,000Still hidden
30NoneNoneMesa Capital Partners Oklahoma LLC$100,000$20,000Still hidden
 
31NoneNoneMineral Acquisition Partners, Inc$40,000$8,000Still hidden
32NoneNoneOklahoma Capital Formation Corp (OCIB)$1,200,000$240,000Still hidden
33NoneNoneParallel Production Company, LLC$7,390$2,122Still hidden
34NoneNonePearson Street Limited Partnership$36,060$7,212Still hidden
35NoneNoneRobert E. Howard II$100,000$20,000Still hidden
 
36NoneNoneSSI Technologies Fund LLC$4,800,000$960,000Still hidden
37NoneNoneTercet Partners, LP$100,000$20,000Still hidden
38NoneNoneThomas J. Blaylock$100,000$20,000Still hidden
39NoneNoneWatson Frick Family Trust$10,119$3,036Still hidden
40NoneNoneWilson Road Investments, LLP$23,810$7,143Still hidden
41Total$90,648,693 $22,866,526Still hidden
 
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Table 5. Tax credits swapped for tax refunds. There is no chain of custody records showing how the tax credits were obtained.
IDOTC Code #OTC SBV CodeClaimed investor'sAmount claimed investedTax credits taken but not documented or recordedMinimum Tax refund fraud
110857, 21035noArbuckle Enterprises IncNone$562,370 $575,350
290006YesCantrell Investments (Steven Michael Cantrell)NoneNone$197,355
390005YesCantrell Steven MNoneNone$59,207
490023YesConsolidated American Res LLCNoneNone$407,286
590002YesFairway Energy LLC (2)NoneNone$1,889,232
 
690010YesFulton Jr Living Trust RobertNoneNone$130,000
790004YesMaple Street Corp (2)NoneNone$1,296,032
890001YesMartin Bonney RNone$165,736 $502,578
990017YesMcneil Edd RNone$15,066 $296,032
1090014YesMWC Energy CorpNoneNone$39,000
 
1190022YesNorthwest Energy Enterprises IncNoneNone$51,857
1290000YesOkland Energy LLCNoneNone$1,000,000
1390015YesPetromerica LLCNoneNone$50,000
1490020YesRebound CompanyNoneNone$434,458
1590021YesSBL Oil & Gas CorpNoneNone$147,188
 
1690024YesShelton Investments LLCNoneNone$305,465
1790019YesSinger BrothersNoneNone$1,083,367
1821162YesSM Oil & Gas IncNoneNone$125,130
1990003YesSterling Exploration LLCNoneNone$1,999,999
18119noBlake Production Co Inc (3)None$188,092 $796,472
 
2190009noCBS Energy LLC (2)NoneNone$145,136
225481noCummings Oil CoNoneNone$203,643
233858noEEC Inc (2)NoneNone$124,725
2416768noHarding & Shelton IncNoneNone$101,822
2519792noKirkpatrick Oil Co IncNoneNone$3,300,000
 
2617016noOklahoma Oil & Gas Management IncNoneNone$136,066
277910noOkland Oil CoNoneNone$1,005,156
2816662noRa-Jac IncNoneNone$1,671,373
2917498noRobert R CantrellNoneNone$197,355
3018783noRox Exploration IncNoneNone$93,043
 
3118275noShiloh Production NoneNone$127,986
3290018noSNS Oil & Gas Properties Inc (3)NoneNone$289,541
3319901noVector Exploration IncNoneNone$281,707
3490013noWilliams Ronald Gene (3)None$23,912 $7,841
352425noYale Oil Association IncNoneNone$1,089,176
Total$0$955,176 $20,160,579
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