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Home > Blogs > Butler County News and Issues > Archives > 2009 > August > 17 > Entry
Closing arguments: Dynus owner ‘lied’
“He lied to you,” Assistant U.S. Attorney Jennfier Barry told a jury in federal court today, Aug. 17, about former Dynus. Corp. owner Orlando Carter.
“The evidence has exposed the truth about Orlando Carter and all his lies,” she said.
Barry’s closing arguments today come at the end of a three-week trial that included Carter taking the stand in his own defense for two days last week.
He testified he knew nothing of fake documents used to inflate his income so he could buy a $1.2 million mansion; fraudulent bank loans his company took out in Butler County’s name totaling $6.5 million; and false statements on his bankruptcy petition.
Barry characterized Carter’s defense as “an insult to (the jury’s) common sense,” and running contrary to the testimony of bank officials and company employees.
“It’s his house,” she said of Carter’s assertion that company employees filled out the fraudulent loan application. “They don’t live in the mansion, he lives in the mansion.”
Barry said Carter was fully aware company president Jim Smith — who Carter said kept him “in the dark” — was forging documents, hiring local politicians to “grease the skids” and promising National City Bank Dynus would return $4 million if it couldn’t secure proof of a non-existent deal with Butler County.
The $6.5 million the company borrowed from National City accounted for half of Dynus’ worth, she said. “This was the biggest deal for Dynus, the Butler County deal, and he claims to know nothing about it?”
In the meantime, she said, he was draining the company, spending $360,000 as a down payment for his home, renting a $180,000 suite at Paul Brown Stadium and going on a $10,000 Disney cruise.
“It (Dynus) was his personal piggy bank, and he was going to take every last penny,” she said.
As a result, National City, Fifth Third Bank and prominent Cincinnati businessman Ross Love all lost millions of dollars. And roughly 60 Dynus employees lost their jobs, “because they took the defendant at his word.”
“Where do the lies end? Right here. Right now. With you. Tell the defendant that his lies end with you, that you aren’t going to be victims of his fraud,” she said, asking them to find him guilty of an 11-count indictment.
Carter’s defense attorneys will make their closing arguments later this afternoon.
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