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Home > Blogs > Butler County News and Issues > Archives > 2009 > August > 13 > Entry
Dynus scandal timeline
With all the differing testimony in the trial of former Dynus Corp. owner Orlando Carter, and all the discussion about it outside the courtroom, I thought it might be useful to revisit the timeline of events leading up to Carter’s indictment.
Here it is (taken from story last year when Carter was indicted):
August 9, 2004: County Auditor Kay Rogers signs a mutual confidentiality agreement with Jim Smith, chief marketing officer of CBS Technologies, which later became Dynus Corp.
September 15, 2004: Rogers signs a declaration that Smith is a representative of the county. Extras
Dec. 31, 2004: Rogers signs a resolution at her home saying the county would borrow roughly $5.3 million from National City Bank for a fiber-optics deal with Dynus Global Communications. The resolution listed Rogers and Smith as representatives of the county.
Dec. 31, 2004: Rogers and County Commissioner Michael Fox have phone conversation with National City.
Jan. 12, 2005: A Dynus representative identified by the FBI as “JS” paid $9,500 to “HRH, a third-party intermediary company,” according to the FBI.
Jan 19, 2005: HRH pays $9,500 to Rogers.
Feb. 28, 2005: Smith meets with commissioners about planned project.
July 28, 2005: Commissioners approved an agreement with Dynus Corp., allowing the company to use four of the county’s fibers in exchange for the company luring new jobs and investment into the county.
August 26, 2005: Dynus’ line of credit with Fifth Third increased from $3 million to $7 million as a result of the Butler County contract.
Late August 2005: County receives invoice for lease agreements and discovers debt with National City.
Sept. 14, 2005: County administration meets with Dynus and National City officials, seeking a way to settle the dispute.
Sept. 16, 2005: Commissioners unanimously sever the economic development agreement.
Sept. 22, 2005: FBI begins investigation of potential bank fraud, other crimes.
Sept. 26, 2005: Rogers returns the $9,500 to HRH “in an effort to conceal the receipt of (the money),” according to the FBI. The money then went back to J.S.
October 6, 2005: Commissioner Charles Furmon says Rogers, Smith, West Chester Twp. Trustee and Dynus Financial President George Lang, County GOP Executive Director and Dynus Technologies Government Relations Director Scott Owens, Dynus CEO Orlando Carter, and officials from Fifth Third Bank met March 8, 2005 to discuss the debt.
October 11, 2005: Fifth Third gives Dynus three days to pay back $6 million because the Butler County contract is in question.
October 14, 2005: Fifth Third halts Dynus’ payroll, locks doors, and files suit for default in Hamilton County.
Nov. 10, 2005: Butler County files lawsuit against Dynus, National City to absolve debt. National City forgives debt.
February 2006: Dynus sues the county for $12 million, the value of the disputed contract with the county plus punitive damages.
March 29, 2006: Rogers does not disclose the receipt of $9,500 from J.S. or Dynus in her financial disclosure statement, according to federal officials.
September 2006: Dynus officials drop their lawsuit, saying they want to give the FBI investigation time to pan out.
September 2007: Dynus’ deadline to refile comes and goes as the FBI investigation trudges on.
Feb. 25, 2008: Court records are unsealed that includes County Auditor Kay Rogers’ guilty plea to bank and mail fraud, and tax evasion.
March 4, 2008: County Auditor Kay Rogers resigns amid pressure from state and local officials.
May 7, 2008: Federal officials release 11-charge indictment of Carter for charges including bank fraud, and release guilty pleas to bank fraud from Smith and Dynus projects manager Karin Verbruggen.
Permalink | Comments (2) | Post your comment | Categories: Dynus
Comments
By Mel
August 14, 2009 12:01 PM | Link to this
She ain’t in jail yet. What’s the hold up? Five years to relsove a case is more, I say more than enough time. If the FBI only gets two people out of this, does that mean everyone else is off the hook??????
By ML
August 14, 2009 12:44 PM | Link to this
Cogent readable summary. Thank you.