
Douglas Jemal
American real estate developer (born 1942)
Douglas Jemal (born November 30, 1942) is an American real estate developer, landlord, and the founder of Douglas Development.2
From Wikipedia’s article on Douglas Jemal (this version), CC BY-SA 4.0.
Born 1942.1
About
Jemal first worked in electronics retailing, like his father. However, in 1993, he sold his interests in retail and began investing in real estate in the Washington metropolitan area. In 2016, he began focusing on real estate investments in Buffalo, New York.
From Wikipedia’s article on Douglas Jemal, shared under CC BY-SA 4.0.2
Companies
- Douglas Development CorporationFounder9
- The WizFounder10
Career
Occupation: businessperson.5
- Date not recordedFounded Douglas Development Corporation3
- Date not recordedFounded The Wiz4
Personal life
Jemal's sons Norman Jemal and Matthew Jemal are active in the real estate business. His daughter, Kim Jemal Cayre, is married to the nephew of Joseph Cayre, a New York real estate developer and record producer.
In 2020, Jemal purchased a $1.425 million house in the Nottingham Terrace area of Buffalo.
From Wikipedia’s article on Douglas Jemal (this version), CC BY-SA 4.0.
Politics
Politics and pardon
Jemal has contributed to politicians of both major U.S. political parties but he has given more to Republicans. In 2016, he contributed $32,000 to the Republican National Committee and in 2020, he contributed $100,000 to the RNC. He contributed $2,700 to the Donald Trump 2016 presidential campaign. He is also friends with real estate developer Charles Kushner, whose son-in-law, Jared Kushner, is married to Ivanka Trump.
On January 20, 2021, Jemal received a pardon for his 2008 wire fraud conviction from President Donald Trump.
In December 2021, a denial of a liquor license for an associate of Jemal was reversed after it was noted that he contributed over $53,000 to the campaign of Governor of New York Kathy Hochul.
From Wikipedia’s article on Douglas Jemal (this version), CC BY-SA 4.0.
Legal issues and controversies
Jamal has been criticized for often paying his contractors late to fund more real estate purchases. Turnover was high in his company as superintendents were stressed. He has been criticized for leaving derelict properties vacant rather than developing them and for asking for very high rents, forcing out long-standing local tenants.
Jemal was accused or bribery for his relationship with Michael Lorusso, deputy director of D.C.'s Office of Property Management. Jemal bought Lorusso trips to Las Vegas, a Rolex watch, two pairs of $500 cowboy boots, and gave him $15,000 in cash. In 2002, Lorusso set up a deal whereby the D.C. government purchased an impound lot from Jemal for $12.5 million, nearly 10 times the amount Jemal paid for it just four years earlier. Lorusso also approved a $1 million lease payment to Jemal from the city. Despite Lorusso pleading guilty to bribery, Jemal was acquitted of bribery by a 12-person jury.
In July 2006, Jemal was convicted of wire fraud for falsifying an invoice to withdraw money from a lender-held reserve, which he needed to buy another property. This was all unbeknownst to his partner in the deal, Joseph Cayre, although Cayre defended Jemal in the legal proceedings. Jemal was sentenced to a $175,000 fine and received five years probation, but no prison time. The judge cited his charitable giving in the sentencing.
From Wikipedia’s article on Douglas Jemal (this version), CC BY-SA 4.0.
Links
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1WikidataDouglas Jemal on Wikidata
- 2WikipediaDouglas Jemal on Wikipedia
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- 7Wikidataplace of birth, as reported
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- 10WikidataThe Wiz, Founder
- 11Wikimedia CommonsDouglas Jemal photo by BlueSquare223, CC BY-SA 4.0