Federal prosecutors have accused the owner of a Northern Virginia coffee bean roasting company of running a $7 million Ponzi scheme that ripped off friends and associates, including $3 million from a well-known Washington philanthropist.

Hanif Hassan Moledina, owner of Bean East Corp., told lenders that he had a contract with Folgers to sell the coffee giant roasted beans acquired from Colombia, according to court documents filed in Alexandria’s federal court. But no contract existed, documents said, and the lie helped him obtain millions in high-interest loans. Moledina used some loans to pay back others. Eventually, the cash dried up and he could no longer pay back any loan, he admitted in a written statement to FBI agents.