The federal trial of the man whose company allegedly took out a
multi-million dollar loan in Butler County’s name without the county’s
approval is scheduled to start Monday, July 27. Orlando Carter,
42, of Mason pleaded not guilty in June 2008 to an 11-count indictment
that included charges of bank fraud. He is accused of making false
statements to secure more than $10 million in loans, and to obtain
credit for personal real estate and the operation of his business, Dynus Corp.
U.S. Attorney’s Office lawyers questioned the defense team’s plan to call a forensic accountant expert to testify that Carter had every reason to believe his finances were what he said them to be. One of the charges against him is that he misrepresented his income to get a $850,500 home loan. The defense team said it plans to dispute bank records that the prosecution has copies of, but says the bank lost the originals.
Excerpted from OxfordPress.com.
