Ezri Namvar Scandal Keeps Giving My Copy

Here are the latest lawsuits against Ezri Namvar:

Case Type: Othr Breach Contr/Warr-not Fraud (General Jurisdiction) Case#: BC404163 CASE NAME: KAYVAN AFRAMIAN VS NAMCO CAPITAL GROUP INC ET AL Parties: AFRAMIAN KAYVAN – PL/PET,DOES 1 THROUGH 50 – Def/Res,NAMCO – Def/Res’s DBA,NAMCO CAPITAL GROUP INC. – Def/Res,NAMVAR EZRI – Def/Res Attorneys: TABIBI NICO N. ESQ. – Attorney for PL/PET Date Filed: 12/19/2008 Case Summary: http://www.lasuperiorcourt.org/civilCaseSummary/

Case Type: Othr Breach Contr/Warr-not Fraud (General Jurisdiction) Case#: BC404164 CASE NAME: BEHROUZ AFRAMIAN ET AL VS NAMCO CAPITAL GROUP INC ET AL Parties: AFRAMIAN BEHROUZ – PL/PET,AFRAMIAN JACLIN – PL/PET,DOES 1 THROUGH 50 – Def/Res,NAMCO – Def/Res’s DBA,NAMCO CAPITAL GROUP INC. – Def/Res,NAMVAR EZRI – Def/Res Attorneys: TABIBI NICO N. ESQ. – Attorney for PL/PET Date Filed: 12/19/2008 Case Summary: http://www.lasuperiorcourt.org/civilCaseSummary/

Case Type: Contractural Fraud (General Jurisdiction) Case#: LC083892 CASE NAME: MANOUCHEHR TABIBZADEH VS EZRI NAMVAR Parties: DOES 1-100 – Defendant,NAMVAR EZRI – Defendant,TABIBZADEH MANOUCHEHR – Plaintiff in Pro Per,WORLD SAVINGS ANDLOAN ASSOCIATION INC. – Defendant Attorneys: Date Filed: 12/24/2008 Case Summary: http://www.lasuperiorcourt.org/civilCaseSummary/

Case Type: Contractural Fraud (General Jurisdiction) Case#: LC083893 CASE NAME: MANOUCHEHR TABIBZADEH VS EILEL NAMVAR Parties: DOES 1-100 – Defendant,INDEPENDENCE BANK – Defendant,NAMVAR EILEL – Defendant,TABIBZADEH MANOUCHEHR – Plaintiff in Pro Per Attorneys: Date Filed: 12/24/2008

Daniel Miller writes Dec. 8, 2008 for the Los Angeles Business Journal:

Namvar studied electrical engineering in the United States and moved here in advance of the rest of his family, which emigrated from Iran after the 1979 revolution there, according to those who know the family. Many other Jews in Iran did the same, and they created the large Persian Jewish community in and around Beverly Hills.

Namvar and his family are devastated by his business trouble, which has sullied their reputation in a community that emphasizes cultural connections and trust, according to Namvar’s unnamed longtime friend and business associate.

In addition to the legal issues there is the issue of pride and standing in the Persian Jewish community, which I think really upsets them, said the businessman, who asked not to be identified. "Business is a really fickle mistress."

However, Namco’s unraveling has created a firestorm of gossip in the local community of Persian Jews. "This might be the most painful thing of all," according to the unnamed friend and associate. "It’s hard to walk around with your head held high," he said.

Indeed, emotions are such that on more than one occasion, sources said, Namvar has been threatened by irate investors who’ve stormed his Namco offices at Wilshire Bundy Plaza.

Perhaps that explains the secrecy that surrounds Namvar; though he attended the closed-door meeting with investors at the Marriott, he mostly stays at home these days, rarely leaving his 10,000-square-foot Brentwood mansion, several people said.

Daniel Miller writes in the Dec. 22, 2008 issue of the Los Angeles Business Journal:

Ezri Namvar, the local businessman who is being accused of losing up to $400 million he was handed by fellow members of his West L.A. Persian Jewish community, has settled on a plan to pay back his debts outside of bankruptcy court.

However, some of the investors are growing restive at what they view as the slow pace of progress. What’s more, some fear Namvar may be paying back some investors ahead of others, and they are considering throwing Namvar into involuntary bankruptcy.