According to Governor Henry's 2011 budget, the governor now believes the four Small Business Capital Tax Credit programs, "may or may not be economically viable" and should be repealed, saving $49 million? And, just ignore the $500 million taken in fraud?

Or, is this another let's tell everyone that some unidentified tax attorney's found another loophole that allowed our cronies to steal another $500 million. We promise to try again for the third time to close another loophole.

Economic development tax credits were given for a financial shell game where a nursing home owner(s) buy their own nursing a home from themselves. A scheme that, amounted to no more than a financial paper game, creating no new economic growth or jobs, while allowing some hidden identities to reap unearned tax credits. Oklahoma law allows state officials, including those creating the law, authorizing the shell games and turning their backs to be among those hidden identities.

A new Foxborough prospectus reveals Foxborough teamed with Specialty Real Estate Service to solicit Oklahoma City's parking authority to sell Specialty Real Estate Service a parking garage that would provide the collateral needed to borrow 90% of the money that was claimed to have been invested in the garage. The Oklahoma Tax Commission then gave Foxborough tax credits amounting to 20% of the total of investor's investment plus the loan, so Foxborough could return the investor's $2 in tax credit for each $1 they invested.

According to Oklahoma officials there is "nothing illegal involved" in a program that uses public funds to pay 200,000% profits on an investment, all paid in tax credits. 200,000% profits for investments before the investment receives a dime, and regardless if the investment fails. And, every known investment has failed and the investors keep the profits, in this example 200,000% profits.

"Nothing illegal involved", but secret! Yes, lawmakers insured the identities of those benefiting and the cost of the program would forever be held in secrecy. The justification was investors would be reluctant to participate if they were not guaranteed their identities and the amounts they received in public funds would never be known.

The fact lawmakers would no want the public to know they were reaping these huge unearned benefits at the public expense.That is the only part that makes sense. The fact lawmakers would not want the public to know they were reaping these huge unearned benefits at the public expense. The public just might not buy into that, there is nothing illegal occurring stuff.

This site is exposing wide public corruption and fraud involving Oklahoma state officials and numerous con artist posing as investment firms. The fraud operates through a tax credit investment incentive program where all information is held in totally secrecy. Through three years of research key documents have been obtain that show $100s Million in false claims are being filed unchallenged by state officials.

The primary objective has always been and still is to expose fraud in state government. Fraud on a massive scale in both the amountsand number of state officials involved. Involvement at the highest level: Governor, lawmakers and state agency heads.

The scheme and the involvement by state officials could be seen from the start, and remains the same. We now have narrowed down most of those involved by office or agency. The list of private individuals and amounts stolen is still growing.

Recently closed First State Bank Altus, issued Altus Venture and Affinity Ventures $642 million in fake loans during late 2005! Altus Venture and Affinity Ventures are both key players in tax credit fraud!

Chaparral paid two venture capital firms $15,000 to file false claims to gain $30 million in state tax credits. We have learned one of those venture capital firms was Altus Venture, which at the center of multiple frauds and bank failures. Most recently bringing down First State Bank Altus OK, a $25 million private land scam in Colorado and filing $421 million in false claims for which it received $126 million in tax credits. At least $20 of the $30 million in defrauded tax credits Chaparral used came from Altus Venture.

Comparing Security and exchange commission documents and Oklahoma Tax Commission documents Chaparral paid two venture capital firms $15,000 to file false claims to gain $30 million in state tax credits. Chaparral used the credits to avoid paying $30 million in gross production taxes. According to Chaparral's SEC filing $10,000 went to Altus Venture where

Note: This is new evidence is the last piece of the puzzle that reveals every step of the process, documenting and exposing how the scheme works from start to finish and all the violations.

The most astounding message that comes from this is how pitifully naive and gullible my fellow Oklahoma citizens.

State officials saw nothing illegal? Just a loophole they said! Nothing more than just a loophole? And, we bit hook, line and sinker!!!

Remember that phantom MG auto plant, that Oklahoma Global Motors was going to put in Ardmore? Scissortail received $9.5 million in tax credits by claiming they had invested $31.5 million in Oklahoma Global Motors!

We all know there are suppliers of false identification, passports, titles and the like. How many were aware there is far more money in fake loan documents. We are talking big fake loan documents! Potentially $1.4 Billion?

State officials are covering Paul Doughty and Don Anderson's, the involvement in scams and frauds starting with another bank failure in 1982. In between state officials turned their backs while these two where defrauding the state of $126 million in tax credits and misusing the bank to scam Colorado property owners out of $25 million.

Corporate jet bought for personal use with tax credits gained from another phantom investment?

Scissortail received $6.6 million in tax credits by claiming to have invested $22 million in Westheimer Aviation. The only Westheimer Aviation activity or asset that could be found was the purchase of a corporate jet. FAA records show the plane's certificate (title) was issued January 25, 2007, the same month the $6.6 million in tax credits became the equivalent of cash. All information uncovered suggests this is for private use only.