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Home > Blogs > Butler County News and Issues > Archives > 2009 > August > 07 > Entry
Love lost $1 million in Dynus collapse
Prominent Cincinnati businessman and civic leader Ross Love added his name this afternoon, Aug. 7, to the list of individuals who lost millions of dollars in Dynus Corp.
Love said he met Carter at a Christmas party in December 2003 and was impressed by the young, black Duke University graduate with a business plan to turn a struggling phone resale business into a telecom powerhouse.
“He had detailed projections that showed the business growing in the range of $30 million in sales over 5 years,” Love said.
So he invested $1 million, which he lost when the company collapsed in late 2005.
Love was formerly vice president of P&G’s advertising division who became one of the wealthiest men in the state with the 2001 sale of a string of radio stations for $200 million.
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By Dorothy
August 7, 2009 6:55 PM | Link to this
Mr. Love got a little greedy-had a million-tried to make a million-lost a million.