As much as 75% goes to profits.
  Main Site Home Site Maps Those involved Blog & Articles Scams & Frauds General Search this site  


     Home

     Blogs

     Recent Updates

     Known abuses

        Claimed investments

        Tax credits used

     The financial shell games

     Extent of false reporting

     About this fraud flawed law

     Guide to flaws in the law

     Colorado land scam


[?] Subscribe To This Site

XML RSS
Add to Google
Add to My Yahoo!
Add to My MSN
Subscribe with Bloglines

 



What does Oklahoma get for its money? 25% invested in a business, and 75% in profit to unknowns.

"at least fifty percent (50%) of the proceeds of the qualified investment for the acquisition of tangible or intangible assets" Section 2.B.2.a

Then factor in that only 50% of the funds Venture Capital Companies received from the state go into the investment.

Then only 50% of the planned investment is required to be invested in an Oklahoma business venture.

That can be split anyway between employees assets. Having as few as one, and conceivably no employees in Oklahoma.

More in Section 5 and Section 18

Copyright 2007, 2008, 2009, 2010 Prowling Owl
The Prowling Owl or Nite Owl is dedicated to exposing fraud, scams, embezzlement, and such involving public money. We solicit anyone that questions the validity or accuracy of any information on this Website to provided evidence and the Prowling Owl will take appropriate action. Removing any information that is proven inaccurate or invalid.
Email: ProwlMaster@prowlingowl.com