North Carolina man sentenced to 109 months in prison for bank fraud conspiracy
Published 6:42 am Wednesday, March 31, 2021
An Apex man was sentenced March 19 to 109 months in prison for his role in a bank fraud conspiracy that caused a total loss of over $800,000 to at least 22 financial institutions, according to a press release from the Department of Justice, Eastern District of North Carolina.
According to court documents, Jamal Mohammad Eleidy, 59, and others conspired to commit bank fraud against various financial institutions while Eleidy resided in the eastern district of North Carolina and engaged in the United States naturalization process.
“Specifically, Eleidy and his co-conspirators defrauded various financial institutions by opening credit accounts using various synthetic identities, making charges to those accounts by using cash advances and other transactions, and allowing those accounts to remain delinquent with no intention to repay the outstanding debt. On the date of his naturalization ceremony, Eleidy used one of those synthetic identities to purchase gas for his travel to the ceremony. Eleidy’s sophisticated scheme spanned the course of four years and involved the establishment of shell companies, the rental of various properties, and the laundering of money from the synthetic identity accounts into those owned by Eleidy,” stated the release
G. Norman Acker III, Acting U.S. Attorney for the Eastern District of North Carolina, made the announcement after sentencing by U.S. District Judge Louise W. Flanagan. The Federal Bureau of Investigation and United States Postal Inspection Service investigated the case. Assistant U.S. Attorney Banumathi Rangarajan and Special Assistant U.S. Attorney Tamika Moses prosecuted.