Real Estate/Development
Sep. 25, 2010
L.A. Real Estate Investor Indicted
A federal grand jury indicted Los Angeles commercial real estate heavyweight Ezri Namvar this week on charges of stealing $23 million from five clients who allowed his company to hold their money for safekeeping before it was reinvested in real estate.
Daily Journal Staff Writer
A federal grand jury indicted Los Angeles commercial real estate heavyweight Ezri Namvar this week on charges of stealing $23 million from five clients who allowed his company to hold their money for safekeeping before it was reinvested in real estate.
According to prosecutors, the alleged victims deposited $27 million with Namvar's company, Namco Financial Exchange Corp., w...
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