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Home > Blogs > Butler County News and Issues > Archives > 2009 > August > 13 > Entry
Cross-examination of former Dynus owner continues
Contentious cross-examination continued this morning, Aug. 13, of Orlando Carter, former Dynus Corp. owner standing trial in federal court on charges of bank fraud.
At the center of questioning was what Carter knew of $6.5 million in loans the company had taken out from National City Bank in Butler County’s name without county approval.
The bank lost millions of dollars on the deal. And former county auditor Kay Rogers, company president Jim Smith and a company employee pleaded guilty to bank fraud. Carter has testified he knew nothing of it until shortly before the company’s collapse in October 2005.
Assistant U.S. Attorney Richard Chema pointed to a June 2005 meeting with National City officials and a e-mails to Carter before and after the meeting concerning the bank loan.
Carter said the bank didn’t mention his company was on the hook for $4 million at the meeting. He said he was in a meeting in Chicago when the e-mails came, and didn’t read them when he came back.
“I probably had hundreds of e-mails when I got back,” Carter said.
“How many did you have from CEOs of major banks?” Chema asked.
“I don’t recall, sir,” Carter replied.
Carter said he also didn’t read an e-mail from Smith to Rogers that he was copied on asking Rogers to use her political clout to get county Prosecutor Robin Piper to sign a letter affirming that a deal existed between the company and county.
Smith had promised National City that he would get Piper to sign the letter or the company would give back a $4 million loan. Piper never signed.
Carter’s testimony runs contrary to bank and company officials, who have testified Carter knew about Smith’s guarantee to return the $4 million.
Carter is fighting an 11-count indictment, including charges of bank fraud.
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