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Home > Blogs > Butler County News and Issues > Archives > 2009 > August > 11 > Entry
Former Dynus owner denies allegations
Update: Orlando Carter denied any role in making a fake W-2 and other documents used to over-inflate his income by more than $300,000 to get a mortgage on a $1.2 million mansion.
He said he delegated the mortgage process to Dynus employees Damian Ortiz and Julia Light, and hadn’t seen the fake tax records until the trial.
“What was your involvement?” asked defense attorney Wende Cross.
“I had none,” Carter replied.
As to claims by part-owner of Dynus Ross Love that taking this money from the company was “stealing,” Carter said his agreement with Love allowed him occasional disbursements based on his 75 percent ownership of the company.
Carter is fighting an 11-count indictment. In addition to charges of lying on his loan application, Carter is charged with bank fraud for his alleged role in Dynus securing $6.5 million in bank loans in Butler County’s name without county approval.
Original post:
Former Dynus Corp. owner Orlando Carter took the stand in his own defense today, Aug. 11.
Before buying the company at the center of a scandal that cost two banks millions of dollars, unseated a Butler County auditor and left 60 people without jobs, Carter grew up on a North Carolina farm.
They raised corn, cucumbers and tobacco, he said. “Every morning we would have to get up before we went to school and take care of the chores on the farm,” he said.
After earning an MBA from Duke University in 1995, Carter worked his way up through several companies before he bought a fiber-optics company then called Optical Data Comm in 2001. The companies had hundreds of employees at the time and $160 million in sales, he said.
The market soon collapsed, Carter said, and he led the company through a bankruptcy reorganization.
“We came out as a stronger company (with) a lot stronger balance sheet,” he said. He then ran the company for three years before it merged with North American Interconnect.
In 2003, his marriage on the skids from traveling too much, Carter decided to buy the Cincinnati company that would later become Dynus Corp.
He is now talking about how he met Ross Love, and the role Love played in the company.
Permalink | Comments (5) | Post your comment | Categories: Dynus
Comments
By redsailor
August 11, 2009 5:46 PM | Link to this
I hope Kay rogers is his cell mate. They could talk about the good ole day’s of fleecing the taxpayer.
By Concerned Citizen
August 11, 2009 7:16 PM | Link to this
Mike Fox and Greg Jolivette should be sitting there too! Shame on us taxpayers for also being a part of the “good ole boys network” by voting these people in year after year after year….
By youarekiddingme
August 12, 2009 9:40 AM | Link to this
Hey, let’s add good ole boy Robin Piper to the cell mate list. He is the one that could have prevented this mess in the first place if he would have started his own investigation for us Butler Count tax payers!He choose to look the other way!
By youarekiddingme
August 12, 2009 9:41 AM | Link to this
Hey, let’s add good ole boy Robin Piper to the cell mate list. He is the one that could have prevented this mess in the first place if he would have started his own investigation for us Butler Count tax payers!He choose to look the other way!
By Shaniq
August 12, 2009 10:09 AM | Link to this
Remember the O.J. Simpson defense? Remember the start of this trial? Objection!… There are only 2 black jurors! Now, “Every morning we would have to get up before we went to school and take care of the chores on the farm.” ?! The brotha is innocent! Again, black racism will trump justice.