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
October 21, 2010
Highlights only. Details, sources and references can be found here.
An extensive examination of confidential Oklahoma Tax Commission (OTC) emails, uncovered startling new evidence of extensive cover-up used in hiding tax credit fraud. Fraud that has been well document on prowlingowl.com.
Multiple means of cover-up at OTC was exposed as a result of reactions triggered by the November 2008 failure of Quartz Mountain Aerospace, two Capital companies (CAPCOs) used in false claims, to obtain $66 million in unearned 2006 rural small business tax credits. A few million would come off the top for fees, leaving $64 million investors that had invested $32 million.
The investment failing disqualified the investment, requiring the Tax Commission to recover the entire $66 million tax credits.
Instead, Tony Mastin, head of OTC, directed OTC employees to expedite paying all the claims ASAP, disregarding verifying the claims. In the process, OTC employees paid $30 million twice. Mistake by employees trapped in a dysfunctional and untenable situation.
Uncovered, cover-up included:
Evidence reveals an additional $61 million, for false claims. Or, $127 million of $135 million in 2006 small business and rural small business tax credits were allowed for false claims.
Evidence of fraud in Oklahoma's similar, but different, "Venture Capital" economic development program, can be seen here.
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