NORFOLK, Va. (WAVY) — A Norfolk man has pleaded guilty to defrauding Canon, U.S.A. and other companies of professional cameras and lenses.
Nader Elnegery, 41, pleaded guilty Thursday to charges of mail and wire fraud.
In a plea agreement, Elnegery admitted to falsely certifying his eligibility for membership in a program offered by Canon to professional photographers and filmmakers in 2013 and 2014. Elnegery applied for memberships in his own name and in the names of five aliases, falsely claiming to own several items of professional camera equipment that he had rented from a second company, ATS Rentals.
Elnegery then used the Canon memberships to obtain loans of high-end, professional cameras and lenses from Canon. Elnegery failed to return these items, as well as several items he had rented from ATS Rentals,
In March and April 2014, Elnegery sold the majority of these items in eBay auctions, collecting the proceeds from these sales through a PayPal account. Elnegery transferred the majority of the money he earned from these sales to his own checking account. The items not sold were recovered from Elnegery’s home.
Elnegery faces a maximum penalty of 20 years in prison. He will be sentenced on April 28.