LOS ANGELES Iranian Jewish banker and real estate investor Ezri Namvar (pictured, left), 59, was indicted on Sept. 21 by a federal grand jury on five counts of fraud….

Namvar’s indictment charges that he returned only $4 million of the $27 million NFE’s clients’ 1031 funds gave his company for safekeeping, and that these funds were used by Namvar without authorization for various purposes unrelated to the clients. The indictment also alleges Namvar, with the help of Tabatabai, used NFE’s clients’ funds to pay off creditors and investors of Namvar’s investment company, Namco Capital Group Inc. as well as Namvar’s personal creditors….

The U.S. Attorney’s office . . . → Read More: Jewish Banker Ezri Namvar Indicted for Fraud