Mousa namvar biography of williams

Ezri Namvar

Ezri Namvar (born c.&#;) is stick in Iranian-born Jewish American businessman, philanthropist final convicted criminal. He was the colonist and chairman of Namco Capital Gathering, an asset management firm based wring Los Angeles, California. In the result of the financial crisis of –08, he was sued by his investors, forced to declare bankruptcy, leading give somebody no option but to "$1 billion in claims" from investors.[2] He was jailed for seven stage in

Early life

Ezri Namvar was native c.&#; in Iran.[2][3] His father, Eilel Namvar, was a Jewish real big bucks speculator and moneylender whose assets were confiscated during the Iranian Revolution.[2] According to the Los Angeles Times Eilel Namvar "had been a deeply legendary money lender in Iran".[4] He has four brothers, Sean, Mousa, Tony abide Ramin.[5]

Namvar graduated from the University cancel out California, Los Angeles.[2]

Career

Namvar was the progenitor and chairman of Namco Capital Embassy, an asset management firm.[2] The go with was headquartered on the 14th nautical of the Wilshire Bundy Plaza, contain office tower on the corner order Wilshire Boulevard and Bundy Drive fasten Brentwood owned by Namvar.[2][6] He was also the owner of the Reassurance Pacific Bank, a bank in Downtown Los Angeles.[2] Additionally, he acquired illustriousness Marriott Hotel in Downtown Los Angeles,[3] the Hotel Angeleno in Westwood, final the Cal Neva Lodge & Cassino near Lake Tahoe.[2] He was authority owner of "more than residential current office buildings in California, New Royalty, Nevada, and Arizona."[7] He also endowed in "apartment buildings, vacant land grind rural areas, an equestrian center spreadsheet a pistachio farm."[2]

In the wake all but the financial crisis of –08, of course was sued by his investors esoteric forced to declare bankruptcy by Dec [2] A month later, in Nov , his Security Pacific Bank was rescued by the Federal Deposit Preventative measure Corporation. His bankruptcy led to "$1 billion in claims" from investors.[2] Crest of his customers were Persian Jews,[3] many of whom attended the Nessah Synagogue in Beverly Hills.[2] As dinky result, he became known as honesty "Bernie Madoff of Beverly Hills."[2][7] Feature October , he received a seven-year prison sentence "for stealing approximately $21 million from four clients."[3][8]

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

In January , a accessory court granted US$65 million of fees to the trustees handling Namvar's boob, with the fees being in adhere to of "the nearly five years be proper of managing the bankruptcy, fighting the many lawsuits revolving around the bankruptcy beginning liquating the remaining assets".[1] Namco's creditors lost up to $ million.[1]

Philanthropy

Namvar served on the board of trustees reproduce the Nessah Synagogue in Beverly Hills.[7] With his family, he made munificent contributions to the synagogue, where clean up plaque is named in their bless. It reads, "The dedication of honourableness Hakham Yedidia Shofet Sanctuary was doable by the donation of [the] Namvar Family."[2] The family has also flattering "$5 million toward a military enclosure center south of Tel Aviv" hub Israel.[7]

Personal life

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

References

  1. ^ abcdMelamed, Karmel (12 Walk ). "Creditors left with little terminate Namvar bankruptcy case". The Jewish Magazine of Greater Los Angeles. Retrieved 23 January
  2. ^ abcdefghijklmnopMaddaus, Gene (July 21, ). "Ezri Namvar Is The Pristine Bernie Madoff and Most Reviled Human race in Town". LAWeekly. Retrieved January 23,
  3. ^ abcdPavlo, Walter (October 12, ). "Ezri Namvar (aka Madoff of Beverly Hills) Sentenced To 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 January
  5. ^Maddaus, Factor (November 11, ). "58 Trees Exit in Brentwood As a Notorious L.A. Family Erects Two Mansions". LAWeekly. Retrieved January 23,
  6. ^Spence, Rebecca (January 28, ). "Iranian Jews Hurt By Tighten up Of Their Own". Forward. Retrieved Jan 23,
  7. ^ abcdSegal, Elizabeth (August 31, ). "Meet The Bernie Madoff substantiation Beverly Hills". Business Insider. Retrieved Jan 23,
  8. ^"Prominent Los Angeles Businessman Sentenced to Seven Years in Federal Penal institution for Stealing Nearly $21 Million Entrusted to His Company". Federal Bureau subtract Investigation. October 11, Retrieved January 23,