Iranian Jewish community split as creditors force Ezri Namvar into bankruptcy
Jewish Journal / Karmel Melamed
04-Jan-2009 (one comment)

Namvar and his investment company, Namco Capital Group, Inc., are accused of losing as much as $400 million loaned to him.

For the last three months, lawsuits have been filed and extensive negotiations have been taking place to resolve the hundreds of millions of dollars in disputes between Namvar's creditors and the Brentwood Iranian Jewish businessman. On Dec. 22, two dozen creditors filed an involuntary bankruptcy petition against Namvar and Namco.

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Typical

by A B (not verified) on Mon Jan 05, 2009 07:11 AM PST

Keep one hand on your wallet when in Brentwood or Beverly Hills.


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