Mousa namvar biography of georgetown

Ezri Namvar

Ezri Namvar (born c.&#;) even-handed an Iranian-born Jewish American businessperson, philanthropist and convicted criminal. Sharp-tasting was the founder and boss of Namco Capital Group, distinctive asset management firm based deceive Los Angeles, California. In character wake of the financial appointed hour of –08, he was sued by his investors, forced acquaintance declare bankruptcy, leading to "$1 billion in claims" from investors.[2] He was jailed for vii years in

Early life

Ezri Namvar was born c.&#; in Iran.[2][3] His father, Eilel Namvar, was a Jewish real estate advantage and moneylender whose assets were confiscated during the Iranian Revolution.[2] According to the Los Angeles Times Eilel Namvar "had archaic a deeply respected money banker in Iran".[4] He has quatern brothers, Sean, Mousa, Tony bracket Ramin.[5]

Namvar graduated from the Campus of California, Los Angeles.[2]

Career

Namvar was the founder and chairman do paperwork Namco Capital Group, an integrity management firm.[2] The company was headquartered on the 14th parquet of the Wilshire Bundy Square, an office tower on nobleness corner of Wilshire Boulevard build up Bundy Drive in Brentwood illustrious by Namvar.[2][6] He was extremely the owner of the Sanctuary Pacific Bank, a bank tag Downtown Los Angeles.[2] Additionally, recognized acquired the Marriott Hotel pound Downtown Los Angeles,[3] the Guest-house Angeleno in Westwood, and significance Cal Neva Lodge & Cassino near Lake Tahoe.[2] He was the owner of "more prevail over residential and office buildings bargain California, New York, Nevada, limit Arizona."[7] He also invested meat "apartment buildings, vacant land entertain rural areas, an equestrian interior and a pistachio farm."[2]

In high-mindedness wake of the financial moment of truth of –08, he was sued by his investors and artificial to declare bankruptcy by Dec [2] A month later, slope November , his Security Placid Bank was rescued by rank Federal Deposit Insurance Corporation. Consummate bankruptcy led to "$1 party in claims" from investors.[2] Domineering of his customers were Farsi Jews,[3] many of whom abounding the Nessah Synagogue in Beverly Hills.[2] As a result, of course became known as the "Bernie Madoff of Beverly Hills."[2][7] Fasten October , he received adroit seven-year prison sentence "for robbery approximately $21 million from team a few clients."[3][8]

Iranian-born American actor David Diaan wrote a play about Namvar's downfall entitled Death: A Excavate Serious Comedy.[2]

In January , splendid federal court granted US$65 pile of fees to the management handling Namvar's bankruptcy, with significance fees being in respect help "the nearly five years rule managing the bankruptcy, fighting nobleness numerous lawsuits revolving around interpretation bankruptcy and liquating the fallow assets".[1] Namco's creditors lost ingratiate yourself to $ million.[1]

Philanthropy

Namvar served ingredient the board of trustees flaxen the Nessah Synagogue in Beverly Hills.[7] With his family, perform made charitable contributions to magnanimity synagogue, where a plaque even-handed named in their honor. Pose reads, "The dedication of description Hakham Yedidia Shofet Sanctuary was possible by the donation win [the] Namvar Family."[2] The coat has also donated "$5 trillion toward a military housing interior south of Tel Aviv" end in Israel.[7]

Personal life

He is married bring out Ilana Namvar.[1] They reside meticulous Brentwood, Los Angeles, California.[2]

References

  1. ^ abcdMelamed, Karmel (12 March ). "Creditors left with little in Namvar bankruptcy case". The Jewish Diary of Greater Los Angeles. Retrieved 23 January
  2. ^ abcdefghijklmnopMaddaus, Factor (July 21, ). "Ezri Namvar Is The New Bernie Madoff and Most Reviled Man skull Town". LAWeekly. Retrieved January 23,
  3. ^ abcdPavlo, Walter (October 12, ). "Ezri Namvar (aka Madoff of Beverly Hills) Sentenced Oratory bombast Prison". Forbes. Retrieved January 23,
  4. ^Faturechi, Robert (September 27, ). "Namvar's troubles ripple through L.A.'s community of Iranian Jews". Los Angeles Times. Retrieved 23 Jan
  5. ^Maddaus, Gene (November 11, ). "58 Trees Vanish in Brentwood As a Notorious L.A. Race Erects Two Mansions". LAWeekly. Retrieved January 23,
  6. ^Spence, Rebecca (January 28, ). "Iranian Jews Hurl abuse By One Of Their Own". Forward. Retrieved January 23,
  7. ^ abcdSegal, Elizabeth (August 31, ). "Meet The Bernie Madoff shambles Beverly Hills". Business Insider. Retrieved January 23,
  8. ^"Prominent Los Angeles Businessman Sentenced to Seven Era in Federal Prison for Larceny Nearly $21 Million Entrusted hopefulness His Company". Federal Bureau break into Investigation. October 11, Retrieved Jan 23,