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 Ezri Namvar (photo by Karmel Melamed) |
By Karmel Melamed, Contributing Writer
Facing mounting community criticism for his alleged involvement in what has been called a Ponzi scheme, Ezri Namvar, an Iranian-Jewish philanthropist and businessman, last month voluntarily resigned from the Board of Trustees for the Beverly Hills-based Nessah Synagogue. Namvar sent an e-mail on March 16 to Nessah’s board members, notifying the organization of his immediate resignation. Namvar was forced into involuntary bankruptcy in December 2008 and accused by investors of creating a Ponzi scheme that lost as much as $500 million loaned to him-most of it by Los Angeles’ Iranian Jews. More...
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