Va. Beach man defrauds 3 banks of millions

NORFOLK, Va. (WAVY) — A Virginia Beach man was sentenced Tuesday for lying to several banks about his profession and income in order to take out mulit-million dollar loans.

Senior U.S. District Judge Henry Coke Morgan Jr. sentenced 52-year-old Irfan M. Jameel to nine years in prison, followed by five years supervised release, according to the U.S. Attorney’s Office for the Eastern District of Virginia.

In July of last year, a federal grand jury indicted Jameel on wire fraud affecting a financial institution, using a false social security number, and two counts of financial institution fraud. After a nine-day trial, a jury convicted Jameel of the indictments.

Court documents and trial evidence prove Jameel defrauded lenders by lying about his business, medical career, accomplishments and income in both the U.S. and Canada. Prosecutors said he claimed to be the chief scientist of an international biotechnology company, and told banks he earned $8 million in 2005 and 2006 for inventing genetically-engineered trees that make termite-resistant wood.

SunTrust loaned Jameel $3 million to buy a waterfront property in Virginia Beach. Gateway Bank loaned him $2.375 million, and a local credit union gave him a $46,000 car loan, according to court documents.

Jameel defaulted on all the loans, and was convicted of using a false social security number for three years of federal income tax returns, according to the U.S. attorney’s office.

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