Owner of Dynus Corporation Sentenced to Imprisonment for Conspiracy, Fraud

Orlando Carter, 44, of Mason was sentenced in United States District Court here to 15 years' imprisonment for misleading lenders in order to secure more than $10 million in loans and lines of credit for the purchase of personal real estate and the operation of his business, the Dynus Corporation. He was also ordered to pay restitution in the amount of $4,927,085. A federal jury convicted Carter on August 18, 2009 of five counts of bank fraud, and one count each of mail fraud, conspiracy to commit mail and wire fraud, conspiracy to commit bank fraud, making false statements to the Small Business Administration, bankruptcy fraud, and making false oaths in a bankruptcy proceeding. Posted in: Deposit Account Fraud