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Home > Blogs > Butler County News and Issues > Archives > 2009 > August > 03 > Entry
Dynus motto: ‘Up and to the right’
Former Dynus president Jim Smith took the stand in company owner Orlando Carter’s federal court trial today, Aug. 3, describing Carter as a ruthless businessman with direct oversight of how his company was run.
Smith was ambitious, with a personal goal of retiring by age 40. He met Carter through his business dealings with West Chester Twp. Trustee George Lang, and found a mentor.
“If you want to learn to make a lot of money, you learn from somebody who has made a lot of it,” Smith said.
Smith was testifying today as part of his plea deal after pleading guilty to bank fraud for his part in the company taking out a multi-million dollar loan in Butler County’s name without county approval.
The scandal would rock Butler County, and unseat a county auditor.
Carter is fighting an 11-count indictment, including charges of bank fraud and forgery. He’s alleged to have misrepresented his income to secure a $1.2 million home, misled banks about business deals with Butler Count. He’s also accused of lying on a bankruptcy petition.
But back in 2004, it seemed there was nowhere to go but up.
“Up and to the right,” was the company’s motto, Smith said, and Carter expected each month’s revenue to exceed the month before it. Carter had Smith fire the man who introduce them because “(Carter) didn’t feel he was getting the job done.”
They spent many an evening at Jags, the restaurant owned by Lang, planning how to build their fortunes, Smith said.
“He was like a brother to me,” Smith said. “We had a lot in common, we would go different ways and tell each other we love each other.”
This contradicts Carter’s defense team, which aims to show that Carter was in the dark about the Butler County deal, and was misled by Smith about the particulars.
Permalink | Comments (4) | Post your comment | Categories: Dynus
Comments
By REALLY?
August 3, 2009 12:28 PM | Link to this
Now you see why Lang Agency was chosen to provide benefits to county employees…whom only get to choose from 3 agencies.
By ByByGeorge
August 3, 2009 12:43 PM | Link to this
George,,,do West Chester a favor and resign. Fall on your sword.
By juneg
August 3, 2009 12:50 PM | Link to this
Those named you know are guilty, I for one think all named are guilty, and as said resign
By Don
August 3, 2009 12:56 PM | Link to this
How does the county commissioners decide who gets the benefits contract for the county? Any bidding done there?