Apex Man Sentenced to 109 Months Imprisonment for Bank Fraud Conspiracy

NEW BERN, N.C. – An Apex man was sentenced today 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 court documents, Jamal Mohammad Eleidy, Age 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.

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 the case.

Related court documents and information can be found on the website of the U.S. District Court for the Eastern District of North Carolina or on PACER by searching for Case No. 5:19-CR-133-FL-1.