Altus Venture Quartz Mountain Aerospace project

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

	Early High Points
2005	Paul Doughty, as president of First State Bank Altus, created $643 million in Counterfeit loan documents for six investment firms he managed.	View
2005	Doughty, also VP of Altus Venture used a Counterfeit loan to inflate a $32 million investment in Quartz Mountain Aerospace to to claim invest $221 million in 2005 and received $66.3 million in tax credits. This case was well documented in news articles by AP and others carried in state papers during the 2006 legislative session while state lawmakers were writing new legislation they claimed would close the loophole Altus Venture had used to obtain the $66.3 million in tax credits. When the legislation reached the house, Kevin Calvey, Chairman of the house revenue and taxation committee, received a large bundled donation from Paul Doughty; while accommodating Doughty's concern's to not hurt what Doughty considered good programs. Calvey then held the legislation until the session closing day stack of last-minute bills, when it is impossible to examine. Tax fraud more than doubled after the charade to reduce.
2007	After the charade and for the second year in a row, Doughty again filed another claim that his company invested another $200 million in Quartz Mountain Aerospace in 2006.
2007	Doughty also filed claims Affinity Ventures, another recipient of Counterfeit loans that claimed to invest $72 million, in 2006.	View
November 2008	QMA announced downsizing and ceased operations.	View
December 18, 2008	Altus group sued over Colorado resort area fraud.	View
December 16, 2008	Altus firm leaves its employees out in cold	View
December 18, 2008	Insurance troubles for furloughed workers in Altus	View
November 2009	QMA files for Chapter 7 bankruptcy.	View

Why was Altus Venture ever allowed to participate in the program?

Altus Venture is being operated by a group with a history of financial lawsuits and used a large donation to muscle their way into helping write this very law they were/are abusing to operate a program where public officials can enjoy huge profits with no risk without violating the law. Fleece the OK public. See Suspicious Contributions

Tax fraud site map. View

Altus Venture related LLCs?

FSB Bancorp is the holding company for a variety of investment related entities, including:

First State Bank of Altus
Altus Venture, LLC
Altus Capital, LLC
Oasis Development, LLC
Global Industrial, LLC
Oklahoma Industrial Venture Management Co., LLC
Oklahoma Industrial Venture Capital Company, LLC

Mountain Adventure Property Investments (MAPI).

MAPI Lawsuits named FSB Bancorp Altus and/or affiliates as defendants in financial wrongs. View

Defendants include: FSB Bancorp and its
affiliates, Oasis Development, LLC; Global Industrial, LLC; F. Don Anderson;
and
non-affiliate Robinson & Sons, LLC an Oregon limited liability company, Randy Robinson

Note: FSB Bancorp and its affiliate Altus Venture, along with its President Paul Doughty is involved

Other lawsuits included but not limited to
	Oklahoma Industrial Finance Authority Vs. Quartz Mountain Aerospace	View
	Former employee Quartz Mountain Aerospace CEO Mark Aceiro	View
	Attorney suing Quartz Mountain Aerospace	View
	First National Bank Altus suing First State Bank Of Altus and Quartz Mountain Aerospace	View
	Oasis Involvement in Hayden Lake litigation	View
	Vectra Bank lawsuit 1 (09/04/2008), defendant Oasis Development LLC	View
	Vectra Bank lawsuit 2 (11/10/2008), defendant Oasis Development LLC	View
	Lawsuit Recently filed in Denver CO.	View
	EZ-Way - Lawsuit Defendants: Altus Ventures, LLC, Bill Grissom, Paul Doughty	View
	SIL-FLO - Lawsuit Defendants: Paul Doughty, Harold Doughty, Almer E. Ellison, and Rod Fancher.	View

Additional explanation and spporting information.
	Oklahoma flim-flam sham. How the tax credit scam works?	View
	Dubious relation in Oklahoma's legislative branch with tax credit abuse promoter.	View
	Calvey gets big donations from venture Capitalists. State Rep. Kevin Calvey, R, was Chairman of the House Revenue and Taxation Committee handling the tax credit legislation that these donors received $66.3 million through.	View