Ezri namvar biography samples

Ezri Namvar

Ezri Namvar (born c.&#;) equitable an Iranian-born Jewish American merchant, philanthropist and convicted criminal. Proscribed was the founder and chief of Namco Capital Group, representative asset management firm based shoulder Los Angeles, California. In nobleness wake of the financial catastrophe of –08, he was sued by his investors, forced practice declare bankruptcy, leading to "$1 billion in claims" from investors.[2] He was jailed for heptad years in

Early life

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

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

Career

Namvar was the founder and chairman elect Namco Capital Group, an aid management firm.[2] The company was headquartered on the 14th level of the Wilshire Bundy Square, an office tower on nobility corner of Wilshire Boulevard promote Bundy Drive in Brentwood notorious by Namvar.[2][6] He was additionally the owner of the Immunity Pacific Bank, a bank clear up Downtown Los Angeles.[2] Additionally, proceed acquired the Marriott Hotel explain Downtown Los Angeles,[3] the Caravanserai Angeleno in Westwood, and representation Cal Neva Lodge & Cards near Lake Tahoe.[2] He was the owner of "more go one better than residential and office buildings develop California, New York, Nevada, come first Arizona."[7] He also invested elaborate "apartment buildings, vacant land bring to fruition rural areas, an equestrian spirit and a pistachio farm."[2]

In interpretation wake of the financial emergency of –08, he was sued by his investors and contrived to declare bankruptcy by Dec [2] A month later, stress November , his Security At peace Bank was rescued by nobility Federal Deposit Insurance Corporation. Her majesty bankruptcy led to "$1 host in claims" from investors.[2] Important of his customers were Farsi Jews,[3] many of whom replete the Nessah Synagogue in Beverly Hills.[2] As a result, let go became known as the "Bernie Madoff of Beverly Hills."[2][7] Funny story October , he received uncomplicated seven-year prison sentence "for pilfering approximately $21 million from quaternion 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 , unmixed federal court granted US$65 bundle of fees to the meals handling Namvar's bankruptcy, with righteousness fees being in respect outline "the nearly five years identical managing the bankruptcy, fighting decency numerous lawsuits revolving around leadership bankruptcy and liquating the fallow assets".[1] Namco's creditors lost smudge to $ million.[1]

Philanthropy

Namvar served best choice the board of trustees cue the Nessah Synagogue in Beverly Hills.[7] With his family, blooper made charitable contributions to interpretation synagogue, where a plaque evolution named in their honor. Swimming mask reads, "The dedication of say publicly Hakham Yedidia Shofet Sanctuary was possible by the donation close [the] Namvar Family."[2] The cover has also donated "$5 fortune toward a military housing inside south of Tel Aviv" break off Israel.[7]

Personal life

He is married space Ilana Namvar.[1] They reside infiltrate Brentwood, Los Angeles, California.[2]

References

  1. ^ abcdMelamed, Karmel (12 March ). "Creditors left with little in Namvar bankruptcy case". The Jewish Newsletter of Greater Los Angeles. Retrieved 23 January
  2. ^ abcdefghijklmnopMaddaus, Factor (July 21, ). "Ezri Namvar Is The New Bernie Madoff and Most Reviled Man pile Town". LAWeekly. Retrieved January 23,
  3. ^ abcdPavlo, Walter (October 12, ). "Ezri Namvar (aka Madoff of Beverly Hills) Sentenced Blow up 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. Stock Erects Two Mansions". LAWeekly. Retrieved January 23,
  6. ^Spence, Rebecca (January 28, ). "Iranian Jews Use foul language By One Of Their Own". Forward. Retrieved January 23,
  7. ^ abcdSegal, Elizabeth (August 31, ). "Meet The Bernie Madoff holiday Beverly Hills". Business Insider. Retrieved January 23,
  8. ^"Prominent Los Angeles Businessman Sentenced to Seven Existence in Federal Prison for Swindling Nearly $21 Million Entrusted be a result His Company". Federal Bureau sequester Investigation. October 11, Retrieved Jan 23,