Silver Spring man indicted on wire and mail fraud charges Carter serves as chairman of the board of DC Information Systems Inc.
The chairman of the board of an information technology company in Washington, D.C., has been indicted by a federal grand jury on wire and mail fraud charges in connection with a $1.7 million mortgage fraud scheme, according to court records unsealed today.
Silver Spring resident Wayne James Carter, who serves as president and CEO of DC Information Systems Inc., faces a maximum sentence of 20 years in prison and a fine of $250,000 on each count of mail and wire fraud, according to Marcia Murphy, a spokeswoman for the U.S. Attorney’s Office. Carter had his initial appearance today in U.S. District Court in Greenbelt.
Carter made false statements on loan documents regarding his monthly income, the outstanding judgments against him and lawsuits to which he was a party, according to the 13-count indictment, which was returned July 28.
Carter, who according to the DCIS website has two children, also falsely represented that he was not obligated to pay child support. Based on Carter’s false statements, lenders approved loans on five properties, totaling $1,794,675.80, which is the amount the government seeks to get from the defendant, Murphy said.
United States Attorney for the District of Maryland Rod J. Rosenstein announced the indictment along with Special Agent in Charge Richard A. McFeely of the Federal Bureau of Investigation.
Carter was represented by Assistant Federal Public Defender Lisa Lunt of Greenbelt at his initial appearance, but Lunt could not be reached for comment Friday afternoon. Carter could also not be reached for comment.
An indictment is not a finding of guilt; an individual charged by indictment is presumed innocent unless and until proven guilty at some later criminal proceedings, Murphy said.
Published on 11/10/2010 14:40:39