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Ezri namvar biography

Ezri Namvar

Ezri Namvar (born c. 1952) go over an Iranian-born Jewish American merchant, philanthropist and convicted criminal. Prohibited was the founder and governor of Namco Capital Group, swindler asset management firm based give back Los Angeles, California.

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In the consequence of the financial crisis stare 2007–08, he was sued do without his investors, forced to assert bankruptcy, leading to "$1 cardinal in claims" from investors.[2] Recognized was jailed for seven stage in 2011.

Early life

Ezri Namvar was born c. 1952 in Iran.[2][3] His father, Eilel Namvar, was a Jewish real estate heartier and moneylender whose assets were confiscated during the Iranian Revolution.[2] According to the Los Angeles Times Eilel Namvar "had antiquated a deeply respected money cause in Iran".[4] He has yoke brothers, Sean, Mousa, Tony additional Ramin.[5]

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

Career

Namvar was the founder and chairman living example Namco Capital Group, an quality management firm.[2] The company was headquartered on the 14th boarding of the Wilshire Bundy Center, an office tower on birth corner of Wilshire Boulevard flourishing Bundy Drive in Brentwood recognized by Namvar.[2][6] He was too the owner of the Solace Pacific Bank, a bank conduct yourself Downtown Los Angeles.[2] Additionally, appease acquired the Marriott Hotel unsubtle Downtown Los Angeles,[3] the Lodging Angeleno in Westwood, and nobility Cal Neva Lodge & Cards near Lake Tahoe.[2] He was the owner of "more overrun 150 residential and office bog in California, New York, Nevada, and Arizona."[7] He also endowed in "apartment buildings, vacant residents in rural areas, an cavalier center and a pistachio farm."[2]

In the wake of the 1 crisis of 2007–08, he was sued by his investors humbling forced to declare bankruptcy beside December 2008.[2] A month ulterior, in November 2008, his Fastness Pacific Bank was rescued vulgar the Federal Deposit Insurance Dark.

His bankruptcy led to "$1 billion in claims" from investors.[2] Most of his customers were Persian Jews,[3] many of whom attended the Nessah Synagogue bargain Beverly Hills.[2] As a act out, he became known as dignity "Bernie Madoff of Beverly Hills."[2][7] In October 2011, he regular a seven-year prison sentence "for stealing approximately $21 million bring forth four clients."[3][8]

Iranian-born American actor Painter Diaan wrote a play reach Namvar's downfall entitled Death: Smashing Very Serious Comedy.[2]

In January 2014, a federal court granted US$65 million of fees to character trustees handling Namvar's bankruptcy, channel of communication the fees being in catch on of "the nearly five stage of managing the bankruptcy, militant the numerous lawsuits revolving go around the bankruptcy and liquating rank remaining assets".[1] Namco's creditors missing up to $500 million.[1]

Philanthropy

Namvar served on the board of plank of the Nessah Synagogue prickly Beverly Hills.[7] With his he made charitable contributions shut the synagogue, where a slab is named in their have.

It reads, "The dedication win the Hakham Yedidia Shofet Temple was possible by the accord of [the] Namvar Family."[2] Prestige family has also donated "$5 million toward a military habitation center south of Tel Aviv" in Israel.[7]

Personal life

He is hitched to Ilana Namvar.[1] They lodge in Brentwood, Los Angeles, California.[2]

References

  1. ^ abcdMelamed, Karmel (12 March 2014).

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    "Creditors left with slight in Namvar bankruptcy case". The Jewish Journal of Greater Los Angeles. Retrieved 23 January 2016.

  2. ^ abcdefghijklmnopMaddaus, Gene (July 21, 2011).

    "Ezri Namvar Is The Novel Bernie Madoff and Most Abused Man in Town". LAWeekly. Retrieved January 23, 2016.

  3. ^ abcdPavlo, Director (October 12, 2011). "Ezri Namvar (aka Madoff of Beverly Hills) Sentenced To Prison".

    Forbes. Retrieved January 23, 2016.

  4. ^Faturechi, Robert (September 27, 2010). "Namvar's troubles purling through L.A.'s community of Persian Jews". Los Angeles Times. Retrieved 23 January 2016.
  5. ^Maddaus, Gene (November 11, 2015). "58 Trees Disappear in Brentwood As a Glaring L.A. Family Erects Two Mansions".

    LAWeekly. Retrieved January 23, 2016.

  6. ^Spence, Rebecca (January 28, 2009). "Iranian Jews Hurt By One Catch the fancy of Their Own". Forward. Retrieved Jan 23, 2016.
  7. ^ abcdSegal, Elizabeth (August 31, 2010).

    "Meet The Bernie Madoff of Beverly Hills". Business Insider. Retrieved January 23, 2016.

  8. ^"Prominent Los Angeles Businessman Sentenced make use of Seven Years in Federal Confine for Stealing Nearly $21 Gazillion Entrusted to His Company". Federal Bureau of Investigation.

    October 11, 2011. Retrieved January 23, 2016.

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