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Tony 04/12/2012 12:03:00 AM
His crook brother Tony Namvar should have been jail too...why he is free?
Call Tony Namvar
Telephone: 310-550-5555 ext. 505
Email: tony@pentaco.com
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Mike M. D. 02/09/2012 5:37:00 PM
Jewish Rules should have Not been broken, he could have pulled it off, but the profit lovers not only had no broad vision like him, they were unable to chart through the rugged tides of this economic mess like Ezri would have ...
The question is, can one relinquish the agony of suffering and loss they endured, off course not, once the material substance had been sacrificed to a consideration as such, we could only question ourselves, what if....
What if, we would have given up on the thirst, the thirst stemming from financial greed, and instead, compromised with the reality of his troubled ordeal, the same reality that compelled us to trust him, and give him our faith.....
This may sound nothing more than a medium, not too distant from twilight zone.... but, what if...
Mike M. D
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Terhangeles 10/17/2011 12:00:00 AM
If you are so ashamed to be an American citizen, why not go back to Iran? Seems like the logical solution.
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Skyminor 10/16/2011 11:58:00 PM
Persians are so funny. Reading some of these comments, it seems that so many of them get so angry THAT THEY WRITE IN CAPS. Easily offended, dramatic and so concerned about posturing and putting on an air of wealth that pethaps they didn't perform enough due dillegence when they bequeathed their money to their own Madoff.
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Quickirv 10/12/2011 6:11:00 AM
"You can't cheat an honest man."
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Rederik 08/28/2011 4:53:00 AM
Apart from beeing cheap as f*ck humor seems to be par of their personality even if that means someone else's sorrow
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james 08/09/2011 9:45:00 AM
lol wow
http://www.youtube.com/user/delyricist
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08/04/2011 7:55:00 PM
I do hope "Aaron" reads this...I am sure you are following all of these sorts of comments. I am sorry to read all of this with "Ezri" and "Namco". I understand so very very much now some 18 years later. The brightest in the bunch that "Ezri" never failed to impress. I have been spinning for 24 hours reading all of this. Something told my instinct to check in and sure enough wow.
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08/02/2011 5:51:00 PM
Editor's note: We have removed 10 comments from this article, as they all came from the same IP address and purported to be written by different people, including reporter Gene Maddaus. Two of the comments wrongly claimed that Maddaus was publishing a correction. There have been no corrections made on this story.
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Jackj23 08/02/2011 4:58:00 PM
It seems that the only people who haven't lost money are the religious dudes. One statement rings true after reading this article about Iranian religious leaders as with all other religious leaders "there is mo business like show business".
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Afsane11 08/01/2011 5:26:00 AM
When a baby born, he has something to say, and of course he get paid.
When new born is a boy, he has something to say, and of course he get paid.
When boys and girls reaches puberty age, he has something to say, and of course he get paid.
When a couple wants to get married, he has something to say, and of course he get paid.
When a couple wants to get divorce, he has something to say, and of course he get paid.
When a person passes away, he has something to say, and of course he get paid.
When a person scam 400 families , he has nothing to say,"Sir, I have nothing to tell you, Thank you very much. Bye-bye" and of course he was paid in advance.
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Fred 07/30/2011 9:12:00 PM
Gene you finally apologized to Ezri good boy
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guest 07/28/2011 6:14:00 AM
Everyone involved in this story is a greedy idiot. Reading the comments that are obviously from family and friends of the people involved is nothing but entertainment. It's like a train wreck...you don't want to watch it but you can't turn away. You're all delusional and deranged. The only character that comes off as rational in all of this is Fariborz. Good for him for channeling his anger appropriately. All of you defenders of all of these greedy assholes should go get a life.
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Mghala 07/28/2011 5:52:00 AM
When you gave your money to Namvar, Did he tell you you might lose you money?
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Alex 07/27/2011 6:20:00 AM
Wow, talk about a biased response to the article.
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07/27/2011 1:37:00 AM
ya think?
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Onthefly88 07/26/2011 10:34:00 PM
These comments are hysterical. I thought you guys were just hairy, I never knew persians were funny too!
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Farzane 07/26/2011 9:55:00 PM
I think Mr Mad-ass likes persion ASS & finally he found our ass-ill .By writing this report he made L.A weekly worth cleaning the Ass with!!!!!!!!
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Kambiz 07/26/2011 9:39:00 PM
Mr. Maddaus, you have failed greatly as a human being and a responsible citizen to set the record straight. You have naively been tamed and influenced by con artists like Mr. Assil and his associates, over a cup of coffee and some sweet talk at a fancy hotel. You sir do not deserve and must not be given the right to be a writer. You do not fall into the category of decent people who choose a profession to make a difference. You have abused your position and chosen to write a viciously misleading piece, by ONLY inserting what can purposely mislead, destroy, and provoke your readers. I am guessing that you are afraid to once again go looking for a new job. You have diminished the title of a journalist and fall in the category of the same people who work for the gossip magazines and go to any lengths to bring a paycheck home. SHAME ON YOU AND YOUR ETHINCS.
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Thehourglass24 07/26/2011 7:45:00 PM
Are you saying that paying the creditors is a lie sir. What about the the monies that had to be returned so that the government can do it their way, is that a lie. Is it fair to take back what belongs to the people that have been paid, and pay amateur lawyers to sit around and waste time and get big paychecks? And who is the cause of the money that had to be returned sir. I think the answer is one individual who has big issues with anger and mistrust. One sees others as themselves. All deceitful people see others as deceitful, and they don't trust.
This is why we are here sir , the key word is TRUST. IF YOU TRUST SOMEONE WITH YOUR MONEY, YOU SHOULD TRUST THAT THEY WILL RETURN IT TO YOU AS WELL. If you mistrust and are suspicious of someones word and business dealings, do not give them your money. Everyone makes a choice, and must take responsibility for their choices. No one should loose money. One dollar lost is too much. But we must understand that after these couple of years since the downfall of the economy, people would have been paid by now if a few foolish people would have not interfered and caused this distruction.
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Thehourglass24 07/26/2011 7:21:00 PM
Dear Mr. Maddaus;
When you ask a teenager just finishing high school, what do you want to do in the future, someone with decency would respond, I want to do what I love, but I want to help people while I am doing it and make a difference. A journalist chooses to have this profession to have a voice to tell it as it is, with honesty and clarity. A journlist talks for the people that do not have a voice or are being unjustly treated, blamed or judged, and has the power to make a difference in a positive way and earn his title and recognition, a title that comes with the great privilege and freedom to write and tell a story that is the TRUTH and nothing but the truth. By doing so, he can help and clarify what the readers or the community do not know and make a difference. Just as a doctor makes a difference when he saves a life, or a therapist when he helps an emotionally distressed get back to having a normal and happy life, or a teacher by being a big part of a child’s future, by teaching and giving a child love and confidence. These are all professions that can make a huge difference in people’s lives.
A journalist almost has the power of G-d, because G-d does not judge or take sides. God treats all his beings with fairness, as does a professional journalist, who has been given this power, as he writes, to write fairly and in an unbiased manner. ONCE A JOURNALIST ABUSES THE POWER HE IS GIVEN, HE HAS FAILED HIS RESPONSIBILITY AS THE MESSENGER OF TRUTH, AND DOES NOT DESERVE TO HAVE THIS PRIVILEDGE. That journalist is proven to be bad at what he does, because his work is pointless and false. Shakespere said “nothing can come of nothing”. And by writing with no conscience or substance, you have introduced nothing with your article.
As you begin your article with its purposely catching and misleading title, “Ezri Namvar is the New Bernie Madoff and the Most Reviled Man in Town”, it is evident that you have abused your power and misused your position and your privilege as a writer. It shows that you are neither informed nor clear as to what the case is for Ezri Namvar. You are either very naïve and foolish, extremely bad at what you do, or have been bribed with money and brainwashed by a certain man’s deceitful and dangerously false charm that got us all here in this mess in the first place. Shakespere said “He is mad that trusts in the tameless of a wolf”. The wolf sir is Mr. Assil himself, one of the individual’s that you have chosen to interview and quote in your article.
Dear Mr. Maddaus, Ezri Namvar had worked very hard and achieved great success. With his reputation of 30 years, and his many business dealings and relationships, he earned people’s trust and good faith. Mr. Namvar was and still is admired by many who know him personally, and has had a big hand in their road to success. But unfortunately, with any kind of success and exposure, comes envy, jealousy, and unfunded hatred. As a result, some individuals of whom are not even creditors has made their life mission to ruin Mr. Namvar’s life by first forcing him into Bankruptcy, and then spreading rumors none of which has been proven as of this date. Dear sir, you cannot cheat your way into making a reputable company and earning the good faith of people. Reputation is EARNED by years of business practices with real people and reputable companies. I suggest, next time you think twice before you attempt to tarnish someone’s name and reputation and quote some professor who knows nothing about Mr. Namvar and his case.
In our community many families know each other not just from 5 or 10 years ago. They have knowledge of the characteristic of their acquaintances that go back to maybe 50 to 100 years of watching the family do business in the community, their treatment of their families and relatives and what kind of reputation they have earned by the values they lived by. I like to inform you that I am acquainted both with Mr. Namvar and his family as I am with Mr. Assil and his family and all his extended relatives. In fact my family knows Mr. Assil and his family background from 70 years ago. Here is a man that is great at charming and influencing, to get his agenda on track and he is one with no conscience when it comes to money, power, relations, or family. That is evident in how many people, including many of his close relatives continue to speak ill of this man’s values and behavior. He has managed to cheat, lie and deceit many in his business dealings even his own family members that have resulted in many lawsuits being against him. He is a big talker, with no regard for anyone but himself, and quite self observed due to his issues and insecurities. As a result, his destructive character has managed to destroy a family, a business, and a community of people who believed and trusted in Mr. Namvars’ word and promise. I wonder if Mr. Assil mentioned to you that he knew Mr. Namvar for a great number of years and profited from doing business with him on many occasions, resulting in him becoming a rich individual.
Since the downfall of the economy 3 years ago, which has been compared to the recession of the 1920’s, many have been hurt, including many in our Jewish Persian community, completely unrelated to Mr. Namvar’s case. But they managed to keep their situation hidden, so they can still have pride in a community that unfortunately, picks most of their acquaintances and socializing buddies based on their pockets. Now lets go back to Ezri Namvar. When the economy collapsed in 2007, Ezri Namvar was still a very rich man. In fact, Ezri Namvar had more assets than liability. So that means his company was not bankrupt. So when panic started in the whole country, in regards to banks, going down one after another, so did in our Persian community. As it did, people lined up one after another, thinking that Mr. Namvar is bankrupt and might go into bankruptcy, and began asking for their money. Now if you have any notion of business sir, if all the customers of Bank of America (BOA) line up at their front door and say, “we want our money tomorrow”, although BOA has assets way over what people are asking for, they still need TIME to liquidate these assets in order to give people what they want. The keyword here sir is “TIME”.
And some time was given to Mr. Namvar by most of the individuals who trusted their money with him to begin with and believed and had faith in his word, that he would return their money as soon as he could liquidate. And Mr. Namvar did.
I wonder if Ezri Namvar is the “New Madoff”, how come he had paid two thirds of his creditors right until the time before he was forced into involuntary bankruptcy??? Did Bernie Madoff do the same sir? If Ezri Namvar is the “New Madoff”, how come he had enough assets necessary to liquidate and pay the remaining one third of the creditors waiting and send everyone home happy??? I never read anything about Mr. Madoff paying off his creditors. In fact I read that there was no trace of the money that was given to Bernie Madoff. Since you describe and compare Ezri Namvar to Mr. Madoff, please give me facts and proof, “WHERE DOES IT SAY THAT MR. BERNIE MADOFF PAID AND RETURNED MONEY TO TWO THIRDS OF HIS CREDITORS? IF MR. NAMVAR IS A “CROOK”, AS QUOTED BY YOUR PROFESSOR, WHY DID HE OFFER TO PAY HIS CREDITORS AND ASK THEM TO WAIT? DO CROOKS OFFER TO PAY THEIR CREDITORS? I ALWAYS THOUGHT THAT CROOKS HIDE OR RUN AWAY FROM THE COUNTRY? IF MR. NAMVAR HAS MONEY HIDDEN IN TURKEY, WHY DID HE OPEN ITS DOORS AND HIS FILES AND RECORDS, AND BROUGHT NUMBER OF INDIVIDUALS INCLUDING MR. ASSIL TO DISTRIBUTE, LIQUIDATE, AND HELP THE CREDITORS THAT WERE WAITING TO GET PAID? DON’T “CROOKS” HAVE THINGS TO HIDE? DOES A “CROOK” INVITE AND ALLOW OTHERS TO LOOK THRU THEIR FILES WILLINGLY AND WITH CLASS? I GUESS YOU WOULDN’T KNOW MUCH ABOUT CLASS WOULD YOU?
I suggest you write a public apology letter first to the subject of this letter, Mr. Ezri Namvar and to the creditors that have been used as puppets with insensitivity of words and biased information and have been deceived by the likes of amateur reporters like yourself. Who it seems have been fired from 3 different newspapers within the last 3 years.
It is shameful to see a writer, who is born and educated in America, to have such corrupt work ethics, as to not even care what his misleading article will do to a wounded businessman and a wounded community, whom have not only lost their money, but their faith and trust. A community who is tired of waiting, and is desperate for results that they knew they would have had, if a few destructive people had not interfered, to postpone, destroy and bring millions of dollars of assets to ashes, because of their suspicious mentality, issues of jealousy, personal vendetta, and let us not forget ENVY.
Today sir, you have failed greatly as a human being and a responsible citizen to set the record straight. You have naively been tamed and influenced by con artists like Mr. Assil and his associates, over a cup of coffee and some sweet talk at a fancy hotel. You sir do not deserve and must not be given the right to be a writer. You do not fall into the category of decent people who choose a profession to make a difference. You have abused your position and chosen to write a viciously misleading piece, by ONLY inserting what can purposely mislead, destroy, and provoke your readers. I am guessing that you are afraid to once again go looking for a new job. You have diminished the title of a journalist and fall in the category of the same people who work for the gossip magazines and go to any lengths to bring a paycheck home. SHAME ON YOU AND YOUR ETHINCS.
I AM ASHAMED TO BE CALLED AN AMERICAN CITIZEN, IF YOU ARE AN EXAMPLE OF WHAT AN AMERICAN CITIZEN VALUES AND LIVES BY. SHAME ON YOU MR. GENE MADDAUS. YOU SHOULD BE DISQUALIFIED AS A WRITER AND FIRED BY YOUR SUPERIOR, AND AS A RESPONSIBLE CITIZEN AND READER OF YOUR MOST UNSKILLFUL WORK, I WILL MAKE SURE THAT YOUR SUPERIOR WILL KNOW ABOUT YOUR WORK ETHICS AND PRACTICES SIR.
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Farha2626 07/26/2011 7:24:00 AM
It is very obvious Ezri and his family has lots of free time to write comments here and defend him.
They are unsuccessfully trying to blame, Mr. Assil, Trusties, Creditors, The Judge, Juries, lawyers, Banks, Government, the System, and even the LA Weekly reporter.
Everybody is responsible for this catastrophe, expect him and his family.
He thinks G-d is also responsible. He has an interesting plan, but the problem is, he is not sharing his plan with him.
Ezri and his family miscalculated something. They were doing business as usual ( Like in Iran) hard money, usury, cheating,......and they were hoping there is a hole in legal system and by bribery they can beat the system and by donating money to temples they can buy heaven.
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Fred 07/26/2011 3:22:00 AM
mr Assil was absolutely beekar in Israel and wondering the streets of Israel before he came to usa, he is no dishonest and money hunger that most of his immediate family like brother and nephews can not stand him go to hell assil, in the end you will be punished, just wait
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ALI 07/26/2011 3:17:00 AM
i agree with Thehourglass24 , Mr. Maddaus; is an amateur and dishonest person, you are qualified to be a writer, FUCK YOU YOU PIECE OF SHIT
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pe 07/25/2011 11:17:00 PM
anti-semite
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Anon 07/25/2011 11:16:00 PM
abraham assil is the sleaziest man around and the most hated in the persian community. he even says "the namvar's would prostitute their wives and children to make money"... what kind of decent human being would say this? especially someone who has a wife and kids of their own. assil you'll get it coming...just wait and see.
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Guest 07/25/2011 10:54:00 PM
this is very true, this government is very corrupt
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Thehourglass24 07/25/2011 9:25:00 PM
Dear Mr. Maddaus;
When you ask a teenager just finishing high school, what do you want to do in the future, someone with decency would respond, I want to do what I love, but I want to help people while I am doing it and make a difference. A journalist chooses to have this profession to have a voice to tell it as it is, with honesty and clarity. A journlist talks for the people that do not have a voice or are being unjustly treated, blamed or judged, and has the power to make a difference in a positive way and earn his title and recognition, a title that comes with the great privilege and freedom to write and tell a story that is the TRUTH and nothing but the truth. By doing so, he can help and clarify what the readers or the community do not know and make a difference. Just as a doctor makes a difference when he saves a life, or a therapist when he helps an emotionally distressed get back to having a normal and happy life, or a teacher by being a big part of a child’s future, by teaching and giving a child love and confidence. These are all professions that can make a huge difference in people’s lives.
A journalist almost has the power of G-d, because G-d does not judge or take sides. God treats all his beings with fairness, as does a professional journalist, who has been given this power, as he writes, to write fairly and in an unbiased manner. ONCE A JOURNALIST ABUSES THE POWER HE IS GIVEN, HE HAS FAILED HIS RESPONSIBILITY AS THE MESSENGER OF TRUTH, AND DOES NOT DESERVE TO HAVE THIS PRIVILEDGE. That journalist is proven to be bad at what he does, because his work is pointless and false. Shakespere said “nothing can come of nothing”. And by writing with no conscience or substance, you have introduced nothing with your article.
As you begin your article with its purposely catching and misleading title, “Ezri Namvar is the New Bernie Madoff and the Most Reviled Man in Town”, it is evident that you have abused your power and misused your position and your privilege as a writer. It shows that you are neither informed nor clear as to what the case is for Ezri Namvar. You are either very naïve and foolish, extremely bad at what you do, or have been bribed with money and brainwashed by a certain man’s deceitful and dangerously false charm that got us all here in this mess in the first place. Shakespere said “He is mad that trusts in the tameless of a wolf”. The wolf sir is Mr. Assil himself, one of the individual’s that you have chosen to interview and quote in your article.
Dear Mr. Maddaus, Ezri Namvar had worked very hard and achieved great success. With his reputation of 30 years, and his many business dealings and relationships, he earned people’s trust and good faith. Mr. Namvar was and still is admired by many who know him personally, and has had a big hand in their road to success. But unfortunately, with any kind of success and exposure, comes envy, jealousy, and unfunded hatred. As a result, some individuals of whom are not even creditors has made their life mission to ruin Mr. Namvar’s life by first forcing him into Bankruptcy, and then spreading rumors none of which has been proven as of this date. Dear sir, you cannot cheat your way into making a reputable company and earning the good faith of people. Reputation is EARNED by years of business practices with real people and reputable companies. I suggest, next time you think twice before you attempt to tarnish someone’s name and reputation and quote some professor who knows nothing about Mr. Namvar and his case.
In our community many families know each other not just from 5 or 10 years ago. They have knowledge of the characteristic of their acquaintances that go back to maybe 50 to 100 years of watching the family do business in the community, their treatment of their families and relatives and what kind of reputation they have earned by the values they lived by. I like to inform you that I am acquainted both with Mr. Namvar and his family as I am with Mr. Assil and his family and all his extended relatives. In fact my family knows Mr. Assil and his family background from 70 years ago. Here is a man that is great at charming and influencing, to get his agenda on track and he is one with no conscience when it comes to money, power, relations, or family. That is evident in how many people, including many of his close relatives continue to speak ill of this man’s values and behavior. He has managed to cheat, lie and deceit many in his business dealings even his own family members that have resulted in many lawsuits being against him. He is a big talker, with no regard for anyone but himself, and quite self observed due to his issues and insecurities. As a result, his destructive character has managed to destroy a family, a business, and a community of people who believed and trusted in Mr. Namvars’ word and promise. I wonder if Mr. Assil mentioned to you that he knew Mr. Namvar for a great number of years and profited from doing business with him on many occasions, resulting in him becoming a rich individual.
Since the downfall of the economy 3 years ago, which has been compared to the recession of the 1920’s, many have been hurt, including many in our Jewish Persian community, completely unrelated to Mr. Namvar’s case. But they managed to keep their situation hidden, so they can still have pride in a community that unfortunately, picks most of their acquaintances and socializing buddies based on their pockets. Now lets go back to Ezri Namvar. When the economy collapsed in 2007, Ezri Namvar was still a very rich man. In fact, Ezri Namvar had more assets than liability. So that means his company was not bankrupt. So when panic started in the whole country, in regards to banks, going down one after another, so did in our Persian community. As it did, people lined up one after another, thinking that Mr. Namvar is bankrupt and might go into bankruptcy, and began asking for their money. Now if you have any notion of business sir, if all the customers of Bank of America (BOA) line up at their front door and say, “we want our money tomorrow”, although BOA has assets way over what people are asking for, they still need TIME to liquidate these assets in order to give people what they want. The keyword here sir is “TIME”.
And some time was given to Mr. Namvar by most of the individuals who trusted their money with him to begin with and believed and had faith in his word, that he would return their money as soon as he could liquidate. And Mr. Namvar did.
I wonder if Ezri Namvar is the “New Madoff”, how come he had paid two thirds of his creditors right until the time before he was forced into involuntary bankruptcy??? Did Bernie Madoff do the same sir? If Ezri Namvar is the “New Madoff”, how come he had enough assets necessary to liquidate and pay the remaining one third of the creditors waiting and send everyone home happy??? I never read anything about Mr. Madoff paying off his creditors. In fact I read that there was no trace of the money that was given to Bernie Madoff. Since you describe and compare Ezri Namvar to Mr. Madoff, please give me facts and proof, “WHERE DOES IT SAY THAT MR. BERNIE MADOFF PAID AND RETURNED MONEY TO TWO THIRDS OF HIS CREDITORS? IF MR. NAMVAR IS A “CROOK”, AS QUOTED BY YOUR PROFESSOR, WHY DID HE OFFER TO PAY HIS CREDITORS AND ASK THEM TO WAIT? DO CROOKS OFFER TO PAY THEIR CREDITORS? I ALWAYS THOUGHT THAT CROOKS HIDE OR RUN AWAY FROM THE COUNTRY? IF MR. NAMVAR HAS MONEY HIDDEN IN TURKEY, WHY DID HE OPEN ITS DOORS AND HIS FILES AND RECORDS, AND BROUGHT NUMBER OF INDIVIDUALS INCLUDING MR. ASSIL TO DISTRIBUTE, LIQUIDATE, AND HELP THE CREDITORS THAT WERE WAITING TO GET PAID? DON’T “CROOKS” HAVE THINGS TO HIDE? DOES A “CROOK” INVITE AND ALLOW OTHERS TO LOOK THRU THEIR FILES WILLINGLY AND WITH CLASS? I GUESS YOU WOULDN’T KNOW MUCH ABOUT CLASS WOULD YOU?
I suggest you write a public apology letter first to the subject of this letter, Mr. Ezri Namvar and to the creditors that have been used as puppets with insensitivity of words and biased information and have been deceived by the likes of amateur reporters like yourself. Who it seems have been fired from 3 different newspapers within the last 3 years.
It is shameful to see a writer, who is born and educated in America, to have such corrupt work ethics, as to not even care what his misleading article will do to a wounded businessman and a wounded community, whom have not only lost their money, but their faith and trust. A community who is tired of waiting, and is desperate for results that they knew they would have had, if a few destructive people had not interfered, to postpone, destroy and bring millions of dollars of assets to ashes, because of their suspicious mentality, issues of jealousy, personal vendetta, and let us not forget ENVY.
Today sir, you have failed greatly as a human being and a responsible citizen to set the record straight. You have naively been tamed and influenced by con artists like Mr. Assil and his associates, over a cup of coffee and some sweet talk at a fancy hotel. You sir do not deserve and must not be given the right to be a writer. You do not fall into the category of decent people who choose a profession to make a difference. You have abused your position and chosen to write a viciously misleading piece, by ONLY inserting what can purposely mislead, destroy, and provoke your readers. I am guessing that you are afraid to once again go looking for a new job. You have diminished the title of a journalist and fall in the category of the same people who work for the gossip magazines and go to any lengths to bring a paycheck home. SHAME ON YOU AND YOUR ETHINCS.
I AM ASHAMED TO BE CALLED AN AMERICAN CITIZEN, IF YOU ARE AN EXAMPLE OF WHAT AN AMERICAN CITIZEN VALUES AND LIVES BY. SHAME ON YOU MR. GENE MADDAUS. YOU SHOULD BE DISQUALIFIED AS A WRITER AND FIRED BY YOUR SUPERIOR, AND AS A RESPONSIBLE CITIZEN AND READER OF YOUR MOST UNSKILLFUL WORK, I WILL MAKE SURE THAT YOUR SUPERIOR WILL KNOW ABOUT YOUR WORK ETHICS AND PRACTICES SIR.
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07/25/2011 9:13:00 PM
7.25%? Reminds me of the old saying if it looks to good to be true, it probably is... Greed makes people do dumb things, both the man who stole 300 million from his community and those who invested in a scheme like this after the Bernie Madoff ponzi debacle. Look before you leap and when you leap take a temperature reading often with these private investor groups. We all learned something... again.
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07/25/2011 8:50:00 PM
Jack, you don't get it, do you?
Namvar is called "The Thief of Beverly Hills" as many of his victims lived there. Get it?
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07/25/2011 7:46:00 PM
It is too bad that all of you dirty jews were not on that island in Norway. The world would be much better without all of you thieving lying bastards.
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Hambooger 07/25/2011 6:25:00 PM
Your God is the Devil.
Repent.
All your money can't help you now.
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07/25/2011 4:16:00 PM
"When I came to this country, I had a lot of respect for the government," a man shouts. "My respect is zero now. It is no different than Iran or Iraq!"...
The problem is not the government. The problem is that the people REFUSE to take action against a corrupt government. Until the government is forced to FEAR doing wrong, they will continue to do wrong.
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Jg2601 07/25/2011 5:54:00 AM
ALI, YOU ARE SUFFERING FROM LOW IQ! IF ASSIL DID NOT FORCE BANKRUPTCY THE MAJOR BANKS WOULD HAVE - NAMVAR OWED OVER $150M TO THE MAJOR BANKS!
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rick D 07/24/2011 10:57:00 PM
If Bank of America took your savings and used it to pay its debts would you feel they did a commendable act? Ezri taking the 1031 money was doing the EXACT same thing.
Please answer my question.
BTW, the court convicted him so it's fair to call him a convicted criminal unless the conviction is overturned.
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Merlo 07/24/2011 10:15:00 PM
God
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ALI 07/24/2011 8:42:00 PM
I AGREE WITH JACK BY SAYING THE THIEF OF BEVERLY HILLS, HE MEANT ASSIL THE WRIYER OF THIS ARTICLE IS SUFFERING FROM LOW IQ
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JACK 07/24/2011 8:36:00 PM
Mr. Maddaus, you are fucking dumb, your IQ is low that you even after writing the article, and saying namvar lives in brentwood, you name the article the thief of Beverly Hills? thats how stupid you are!! your entire article is nothing but RUBBISH
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Dng4005 07/24/2011 5:36:00 PM
Well said.
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Objective 07/24/2011 5:45:00 AM
Considering the Jude's checkered record that heavy handedly led his court to convict Ezri, it could be overturned. But let say the conviction was a fair one, Ezri did take the Money but did he put it in suit cases and send it to Turkey as Assil suggest now that his culprits accounted all the assets and concluded that all funds and assets are accounted for, that is what apparently Assil does with all the rent he collects in cash from his C class apartments day laborer tenants. The record is clear Ezri's Exchange Co had accommodated over $1.5 Billion!, he transferred the money -every penny of it, to his Bank to save it. He took a calculated risk to stay afloat and repay his debt- that is commendable, to call him a thief and convicted criminal is far from being fair minded. To include his family indiscriminately in such slanderous allegations is repulsive.
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pe 07/24/2011 5:21:00 AM
Hello. I am Ezri. I am here to plea for my freedom and innocence. Yes, its true that I told many investors that they can invest their real estate profits in my investment fund in order to avoid paying income taxes on their 1031 Exchange Filings. Yes, its true that I was suppose to reinvest that money into real estate solely for the benefit of the investors as federal and state law required me to do so , not to mention my fiduciary duties as trustee. However, what happened was that i took some of that money to pay the interest on the personal loans i had obtained from various individuals. I also took some of that money to help pay some of the mortgages and property taxes on some of my personal assets. I also took some of that money to assist my brother in having a lavish wedding. i also took some of that money to buy my wife another diamond ring. i also took some of that money and wired it to offshore accounts and deposited them into various secret corporate accounts. But G-d willing, it will all turn out for the best. It's what HASHEM wants...I just know it. I go to temple every Sat. and I speak with G-d. We are very tight. He is gonna look out for me. I am not sure why G-d was not looking out for the investors. I think its because I am so close to him that he figured I am like a prophet and that they are in good hands. Ooops, I guess G-d messed up (or maybe I did). I just love Hashem. There is a deeper message and meaning behind all of this. Some say the deeper message is for me to repent my sins, to sincerely apologize for my fraudulent and criminal behavior, to act in good faith and sincerely do what is best, accept my punishment and repay my debt to society. However, I think they are wrong. I think the better path is to blame everybody else, specially the group that forced me to go into bankruptcy. Yes, that's it. I'll blame them. I can't blame myself, so I will blame them. Hashem will guide me to to the right path...Yes everybody, its all their fault fault. G-d bless you all. He told me to say that.
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Dmg4005 07/24/2011 1:33:00 AM
I am not a gypsy. I am a Jew. The curse is not form me. I never believed on Nomvar and did not do any business with him.
The curse is coming from his victims, 400 family and many more. You will see.
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rick D 07/23/2011 8:46:00 PM
Shouldn't Ezri and the Namvar family be embarrassed? He is the convicted criminal who is facing up to 20 years in prison on each count he was convicted on. You are losing track of who was proven guilty in a court of law. The courts decided he stole the 1031 exchange money which makes him a thief and you cant deny that. If the money is accounted for where is the 20+ million from the exchange?
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WE NEED THE TRUTH! 07/23/2011 7:55:00 PM
AGREED. Who is this decent human being who can write the truth and what has really happened without being so bias? Certainly not Gene Maddaus...
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Terrified 07/23/2011 7:50:00 PM
wow i'm really scared....are you a gypsy? Please come to my house and chant a prayer to protect me from this curse!! PLEASE I AM SO SCARED!!!!!!!!!!!
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Guest 07/23/2011 7:47:00 PM
Attention all, Jonathan is Assil's relative. To start off, Jonathan you are a complete IDIOT to say that someone would purposefully by properties that they knew would lose value. To think this is delusional. And Namvar did not transfer $ to his kids, can your small brain not see this? He willingly transferred all his and his family's assets to the trustees after he was forced into bankruptcy..this is public records. He handed over $2 billion dollars worth of assets and he has stayed to fight off the rumors and plea for his freedom. You are an idiot and please don't speak. While you're at it, stick your dick up assils ass, i'm sure he'll LOVE IT.
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Jga2601 07/23/2011 7:42:00 PM
hello Jonathan (Assil's relative)! Why would Ezri purposefully a bunch of properties in 2006 just so they could lose it's value and he could lose all his money? ARE YOU STUPID? ONLY AN IDIOT WOULD DO THIS AND ONLY AN IGNORAMUS WOULD THINK THAT SOMEONE ELSE WOULD DO SOMETHING SO DUMB. Grow a brain you dimwit. And stick that small dick of yours up Assil's ass.
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Someone 07/23/2011 7:37:00 PM
how did he steal the money you stupid idiot? blaming him is not the solution...we already found out there is no hidden money and everything is accounted for. to say that the whole namvar family should burn in hell just shows what kind of man you are. you are an embarrassment to this community and it is people like you who dont allow this community to grow.
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Ali 07/23/2011 6:42:00 PM
fuck you
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Dng4005 07/23/2011 3:49:00 PM
There will be a curse on Ezri Namvar and his brothers for seven generation after them.
Their supporters, misleading community leaders(R. D. Sh.) are also included in the curse.
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pe 07/23/2011 3:12:00 PM
And yet one more thing: I certainly agree that what Ezri and Namco did was not a Ponzi Shceme in the classic term, but he did commit crimes and breaches of fiduciary duties. Also, if Assil and any other person were able to pick up any properties at "fire sales" because they could afford to do so, don't you think others with the financial ability would do so as well? If you lend me $1 million dollars and 5 years later, you find out that I have been charged with multiple crimes and you are not gonna see your million, and I place a property that was worth $5 million on the market for $2 million, if you could, wouldn't you buy it in order to somehow salvage the original million you lent me?
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pe 07/23/2011 8:35:00 AM
One more thing: You fools that are under the impression that Assil and others are buying the properties at a discount. Apparently you have the education of a 4th grader as well. It is not legally possible to do so. The point of such a legal procedure as a forced bankruptcy is that all assets under the control of Namco and Namco subsidiaries are frozen and under the control of the federal bankruptcy authorities. These are just the crap bullshit nonsense that have plagued our community since 1979...rumors and unreasonable suspicions. I personally don't give a rats ass about Mr. Assil. He does not have a good reputation as well. however, your information is simply incorrect. Anyways...
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Eee 07/23/2011 8:28:00 AM
For those of you who are bashing Assil for forcing the bankruptcy; You are badly misinformed. On more than one occasion, the attorney representing the group of creditors sat with Ezri, his brothers, and a group of the elderly members of the Los Angeles Persian Jewish Community, before the bankruptcy, urging Ezri to liquidate some of the key properties in order to satisfy some of the claims of the creditors. He would verbally assure everybody in the room that he would. It would later be uncovered that no later than 24 hours later, he was involved in transferring title to those properties to "undisclosed" groups of investors, despite his promises. This is clear indication of fraudulent intent and bad faith. It was these maneuvers that forced the creditors to put him into bankruptcy. He was hammering the nails into his coffin but his ego and misplaced foolishness blinded him from realizing this. Also, one of the major financial institutions (Wells Fargo and GE Capital to name a few) would have eventually done so anyways. Here is a message to Mr. Namvar: " I have noticed you always mention G.d and G-d has a bigger plan and how G-d will help you and the creditors and how G-d is the answer. When you are all alone in a room at night, do you look up to G.d and sincerely apologize for your immoral acts, or are yo still under the impression that you have done nothing wrong or criminal?" Apparently you are right. G-d does have a plan...for you to go to jail.
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Jg2601 07/23/2011 3:57:00 AM
Namvar spent a significant amount of creditors money on his own family (transferring $ to kids, brother’s wedding, wives diamond, house, private school, etc). When the bad economy came, his portfolio value went low. He panicked and from 2006 he intentionally purchased A LOT of properties that would end up have a much less VALUE. He did this so he can tell his creditors “all of your money was lost in these property investments”. I met with Namvar to potentially buy his properties – HE WAS CLUELESS OF ALL HIS PROPERTIES. He only had less than a dozen employees with hundreds-of-millions-of-dollars of assets. Namvar became a LYING SNAKE – the best Persian liar out there. If Assil had not put Namvar into bankruptcy then GE ($98m owed), United Bank ($30m owed), Wells Fargo ($21m owed) WOULD HAVE PUT NAMVAR INTO BANKRUPTCY ANYWAYS. Assil only started the process earlier. Assil Is a smart farther and business man – he did this the correct way. – Jonathan G. (Encino, CA)
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Jg2601 07/23/2011 3:48:00 AM
Namvar spent a significant amount of creditors money on his own family (transferring $ to kids, brother’s wedding, wives diamond, house, private school, etc). When the bad economy came, his portfolio value went low. He panicked and from 2006 he intentionally purchased A LOT of properties that would end up have a much less VALUE. He did this so he can tell his creditors “all of your money was lost in these property investments”. I met with Namvar to potentially buy his properties – HE WAS CLUELESS OF ALL HIS PROPERTIES. He only had less than a dozen employees with hundreds-of-millions-of-dollars of assets. Namvar became a LYING SNAKE – the best Persian liar out there. If Assil did put Namvar into bankruptcy then GE ($98m owed), United Bank ($30m owed), Wells Fargo ($21m owed) WOULD HAVE PUT NAMVAR INTO BANKRUPTCY ANYWAYS. Assil only started the process earlier. Assil Is a smart farther and business man – he did this the correct way. – Jonathan G. (Encino, CA)
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Mrussell 07/23/2011 2:05:00 AM
When we had developers, I was one. I was offered various of Namvar's properties in Los Angeles, Phoenix and Cal Neva. It was not the financial crisis that caught Namvar. In 2007, I determined that his lack of understanding of the properties and the market had caused his own problems. I feel sorry for all the investors. Namvar trashed their trust and stole their money.
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creditor2 07/23/2011 1:42:00 AM
Please keep in mind EZRI is the ONE who stole all the money and betrayed us.
I am a top 20 creditor and lost everything.It's ezri and his brothers's fault and no one else.
Make no mistake about that . HE IS A CROOK.
I hope ALL Namvar family burn in hell.
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DISAPPOINTED 07/22/2011 8:00:00 AM
THIS CANNOT BE MORE TRUE!!! ENOUGH WITH THE BLAMING EZRI! ENOUGH WITH THE CONSPIRACIES! ENOUGH SHAMING THE COMMUNITY!
all this hate and blame and talk of money being hidden blah blah blah is the biggest bullshit and the MAIN thing holding us back from getting our money back! you need to start using your head and be logical. WHY AND HOW THE F**K could the namvars have hidden money. if they had money, don't you think they would have paid off the exchange victims and avoid criminal charges? they clearly want to save their reputation, and if they really hid "millions" of dollars, they could have used it to help. all this speculation is exactly the "holes" that mousa was talking about. It has weakened ezri and mousa's ability to help find a solution to get our money back. THEY OWE US A SOLUTION, AND ACCUSING THEM OF HIDING MONEY IS ONLY GOING TO DISTANCE THEM AND END UP BAD FOR US! STOP AND WAKE UP PEOPLE! THEY DIDNT HIDE ANY DAMN MONEY
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Creditor 07/22/2011 5:22:00 AM
not to mention that he was always after the Namvar's because of their success. He wanted them to fail and now he has made millions and millions because of this...he sits in the creditors meetings and laughs at the rest of us and says "the namvar's need to suffer!!" he used to act like he did this because he cares for the creditors but now everyone hates him. He thinks he has respect because of his tens of millions of dollars but money doesnt give you respect you NAZI.
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Creditor 07/22/2011 5:18:00 AM
because he is SCUM. he's one of those guys who doesn't care about anyone and only cares about money. The Assil name has been looked down upon for decades in the community and Abraham Assil even indirectly said that he is a bad man many times before. If you knew him, or even met him you would see how much this guy is a SNAKE. he gives off such a disgusting vibe with his fake tan and fake hair color. We need to take him down, who's with me?
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Guest 07/22/2011 5:13:00 AM
why did this assil guy force him into bankruptcy? why would he do that?
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Ali 07/22/2011 4:59:00 AM
fred i agree with you, Assil is a greedy pimp
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Fred 07/22/2011 4:57:00 AM
Abraham Assil is one of the most hated men in the Persian Jewish community HE started this mess? he only haS a 4th grade education and never cared for any of THE creditors. Assil is the one who benefited from this the most. He has made MILLIONS from Namcos fallen assets, he is simply a WHORE
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Fred 07/22/2011 4:23:00 AM
THE TRUTH MUST COME OUT!!! ASSIL AND THE TRUSTEES NEED TO GO TO HELL FOR ALL THE MONEY THEY HAVE RAPED FROM US!!!!!
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Mahvash 07/22/2011 1:03:00 AM
Cassie please dont waste your time, Assil is impotent every whore in los angeles knows about it
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Ali 07/22/2011 12:56:00 AM
i agree with you Assil is a WHORE!!
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Fereydoon 07/22/2011 12:49:00 AM
the real Madoff is Assil, after he forced Ezri into bankruptcy , he had inside information through the trustee which Ezri property were on fire sale, he ended buying a few of those properties with other people as a big discount, this is a known fact, Mr Assil one day nature will punish you, either you directly or indirectly, nature has its way, Mr assil might not be alive to see it, but it will happen
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Adolf Assil 07/22/2011 12:17:00 AM
assil = hitler?
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Cassie 07/22/2011 12:14:00 AM
Hey Assil, my name is Cassie too, when can we go out on a date? I talked to Iris...she's okay with it as long as you give her $1,000,000 every month.
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Who? 07/21/2011 11:58:00 PM
how come this is the first time i am hearing about this man?
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Fed UP 07/21/2011 11:56:00 PM
If Ezri Namvar was a thief he would’ve ran away with hundreds of millions of dollars YEARS AGO. Instead he has stayed, fighting for his life and reputation. You should have interviewd Namco’s other creditors, like me, and I would’ve told you that Ezri Namvar is in no way a Maddoff. The only thing they have in common is that they are both Jewish. Ezri Namvar might have a big ego but he has always cared for others and has fought so hard for us to get our money back. Do you think he wanted to lose everything he worked so hard for for the last 30 years? Would that make sense to you? If he had hidden money would he let himself go to jail? No. He would’ve paid those people from the exchange company so his family, his creditors, and himself wouldn’t have to suffer like this. I went to court for a couple of hours during his trial and saw that the Judge (Percy Anderson) was completely bias and unfair. He did not allow Namvar’s lawyers to bring in any evidence that there were properties for sale to pay off the creditors. And the fact that Namvar’s accountant, Hamid Tabatabai was also convicted is a complete JOKE. This legal system is very messed up and screwed. Innocent people go to jail all the time and it is not fair. We just want our money back and we need someone to really document and publish the TRUTH. Not this bullshit. When Mousa, Ezri’s brother said, “This is a guy who got caught in a big storm. He was trying to save the ship and everyone in the ship… [and] people were drilling holes,” he couldn’t have been more right. Ezri took the risk to have a meeting with all his 400+ creditors at the Marriot and BEGGED and cried for us not to put him in bankruptcy and give him more time to liquidate assets. His problem is that he over invested and ran out of cash. Nobody, and I mean NOBODY would be able to go what Ezri Namvar has been through. There are so many other real “Maddoffs” out there that have been revealed during the Global Financial Crisis of 2008, but to compare Ezri Namvar as a Maddoff is complete ludacris. It has been confirmed that he did not do a ponzi cheme and if he did he wouldv’e been tried for it. ENOUGH. I have met his oldest son and daughter for the first time a couple months ago when they were picking up Ezri’s youngest son from school. The did not know that I was a creditor put I was speeking with them about the situation and letting them know how Ezri has personally helped with my problems and that they shouldn’t worry. Their faith in God and spirituality has really moved me. Even though they have been suffering, their main priority is that their father stays healthy with his sanity… they said that “It is all in God’s hands… there is a reason for all of this… we just need to stay strong.” It is sad that so many people have been effected by this. I agree with the person ‘Adolf Assil’ (very cleaver name by the way) who commented below. We need someone to write about what really happened…THE TRUTH MUST COME OUT NOW.
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Adolf Assil 07/21/2011 11:28:00 PM
This is so dissapointing. Another bias article saying that Ezri Namvar is a Maddof and has done a ponzi scheme… When will this end? Although there was more truth to this article than the other ones it is still not discussing what really happened behind the scenes and how our money was taken from us and unable to get back because of people like Assil, Hakaka, Youseffyeh, the Trustees. It’s been almost 3 years, we already found out this was not a ponzi scheme and all the money is accounted for. Ezri Namvar was FORCED into involuntary bankruptcy and we already know he had billions of dollars worth of assets that could’ve paid us all back. Mr. Maddaus, why don’t you talk about how Abraham Assil is one of the most hated men in the Persian Jewish community who started this mess? Why don’t you talk about how he only had a 4th grade education and how he didn’t care for any of us creditors? Assil is the one who benefited from this the most. He has made MILLIONS from Namcos fallen assets. He and a few others did this, not Ezri. This Professor Schachter obviously doesn’t know what he is talking about. Ezri Namvar has been convicted of fraud and may not be able to help us retrieve are monies if he goes to jail. I am sick of this. Too many people have been suffering because of this. I am a creditor, I have a family to feed and children that need money for their education. THE TRUTH MUST COME OUT!!! ASSIL AND THE TRUSTEES NEED TO GO TO HELL FOR ALL THE MONEY THEY HAVE RAPED FROM US!!!!! Can a real reporter write a legitimate article? I’m not asking for much, I am just asking that you write about what really happened. Ezri Namvar tried the hardest he could to not go into bankruptcy…we all begged Assil not to do this but he didn’t care…he only wanted the Namvar’s to suffer because of his own envy and twisted mind. Gene Maddaus, shame on you for not writing the TRUTH.
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Fariba 07/21/2011 8:43:00 PM
Mr. Maddaus, are you a reporter or a judge? you made up your mind about Ezri Namvar without giving him the chance to express himself and you did not publish what Ezri defendants told you, this called censorship. I am glad you were not chosen to be a supreme judge, or you have court marshaled and executed thousand of people every day without having all the facts together, SHAME ON YOU, you should not call yourself a reporter you are a snake exactly like your new buddy mr Assil .
The Justice system of this country sucks big time, they let some one like Casey Anthony go home, and they did not let mr Namvar attorney present the proof to the court that he tried to pay the 1031 exchange people, Is this called FREE COUNTRY? Why dont you write an article about this issue, i doubt it if you have the brain to do so
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Ali 07/21/2011 7:41:00 PM
Mr. Maddaus, have you checked mr Assil resume ? does not look like, he is known to behave like a prostitute when it comes to money and his financial interest.
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07/21/2011 6:31:00 PM
Thank you for your insight of mitvot and faith in G-d you are a wise man and moved me from a bad place.
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Chrisboeres 07/21/2011 6:00:00 PM
is G_D how Namvar says it or is it editorializing? Either way it's insightful to the object or subject.
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182613 07/21/2011 5:15:00 PM
They say a person's name is their blessing and similarities in names provide similar opportunities. As a result, we all have differing potentials to do good, better or the opposite. We also have the freedom of choice to change ourselves and our world for the better.
After reading this article, I can’t help but to think of the similarities of the name Madoff with Maddus, the writer of this article. Unfortunately, the writer of this article, Mr. Maddus, failed to take advantage of his opportunity to make for himself and the community he addressed and the world around him a better place. He was provided with many true and positive stories about Ezri and the Namvar family. But somehow like the Madoff investors’ monies, the true and good words and true statements given to Mr. Maddus somehow got misplaced out and only negative sensationalism was included. How much better this world would be if everyone was honest.
Until then, keep in mind that our lives in this world resembles each of us crossing a very narrow bridge high above the pitfalls of the material world. At times it is scary, but many times, if we try hard and open our eyes and hearts, it provides us beautiful views and an awe of the greatness of the universe, a sense of fresh air and fresh life.
Needless to add, I can’t imagine the difficulties that all involved are living with as a result of the losses in this chapter of life. My heart goes out to all of them and I pray for their recovery.
Remember the basic reason for our existence is to be happy by doing the right things, 613 of them. When G-d leads you to the edge of the cliff, trust Him fully and let go; only 1 of 2 things will happen: either He will catch you when you fall, or He will teach you how to fly!
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Guest 07/21/2011 3:34:00 PM
I agree. Throw the book at Assil.
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Fereydoon 07/21/2011 3:17:00 PM
Mr. Maddaus , bravo to your journalism skills, your article was quite informative, i learned the following things from your article.
1- Mr Assil likes to drink coffee
2- Mr Assil like goat cheese if it is kosher
3- Mr Assil also owns expensive clothing?
4- Mr Assil still remembers cassey his first girlfreind
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07/21/2011 7:20:00 AM
Here's hoping he gets a life term.
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M M Naim 07/21/2011 7:13:00 AM
Mr. Maddaus you called and spoke with me twice for about half an hour; from your type of questions I become convinced that you were different than all the other reporters who in their zeal for sensational Journalism overlooked statements and authentic documents to propagate the Berni Madoff of Beverly Hills narrative. I convinced Ezri to speak with you. I was wrong. You turned to be worst than the dishonest Beverly Hills Currier "reporter" who interviewed me for half hour yet made a short misquote of what I stated and even our Rabbis signed statement. You made no mention of any thing I stated nor any of the vital information that I e mailed you. Obviously mention of any intricacies or of the fine attributes of Ezri and his genuinely kind and charitable family was not congruent with the unsubstantiated allegations that your article was filled with. Apparently for the same despicable reasons you chose not to quote Mr George Haroonian a prominent member of the community dubbed as a creditor that lost his money but not his sanity nor his decency. You just put his picture there.
You choose to ignore our Rabbis most relevant signed statement which is that they used their influence to convince every one of Ezri's four brothers to subject themselves to Jewish Beit Din, and if it was not for Mr. Assil - "the most reviled man" among Ezri's Creditors, our Iranian Jewish Community would have realized its finest hour. Sadly Assil still sees this as a personal crusade to prove to Ezri that "he misjudged me, my abilities...My perseverance..." he has no regards for the overwhelming majority of the creditors who implored begged and besieged him not to file "forced Bankruptcy". Equating Ezri Namvar with Bernie Madoff is grotesquely unsightly . Were as Madoff systematically lured peaple to “invest” in a classic Ponzy scheme, Ezri Namvar personally borrowed money and made prudent investments valued many times over what he owed.
You had one gem though, Fariborz David Dian's insightful observations were inspiring. Most of us lost much of our perceived tangible assets. Many went for the high risk and for a long time enjoyed high interest rate. But now project the blame squarely on Ezri and every one associated with him, worst yet come up with silly theories of cash transfers in suit cases.
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Jack 07/21/2011 5:17:00 AM
Mr. Maddaus, too bad Walter Cronkite is not alive, he would have chosen you as his assistance at CBS news
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Shlomo 07/21/2011 4:47:00 AM
Mr. Maddaus, you interviewed me on Monday for about 10 minutes or so, why didnt you even mention my name, the answer is because as a creditor i told you that i never thought even for a second that Ezri did anything illegal, mistakes he made a few, instead you mentioned the name of Mr Assil girlfriend, mazal tov we learned about his girlfriend name, with all due respect your report is quite biased, i apologize for being honest, in my opion you are a very lousy reporter, i dont know which university gave you a journalism degree?
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07/21/2011 4:29:00 AM
So now we see Persian Jews are just like us Ashkenazim. We become so enthralled with the macher that we cease to think. He cheat a hundred people out of the live savings, he's a goniff,. He donates a new wing to the Hebrew school with 1/10 the stolen money, he's a saint.
Generally, they donate the money before we discover they're crooks or is it "wilful blindness."
But do we ever give back the money?
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Fred sahari 07/21/2011 4:19:00 AM
Assil is not trying to protect the creditors. Maybe you should ask him about how he took full advantage of his position in being apart of the creditors committee. He knew exactly what assets the trustee will fire sale and at what price, he pushed for those sales to go forward with his influence on the trustee and the committee, and then he would create a syndication to buy those assets off the bankruptcy sale. He has made millions from this. How is this fair. I am sure your not going to ask him because its not popular or you will and he will vehemently deny it. Of course, you will not push this because it is not a headline grabber.
At this point there are many creditors that are very angry at Assil because put his personally vengeance before the benefit of the others. As a result Assil is trying to defer attention from himself becuase he knows sooner or later everybody is going to realize the trustee is not going to leave any money for the creditors and who the creditors going to blame for this is Assil.
I have heard Assil in a creditors meeting in front of many other say exactly these words "I dont care about the money I just want the Namvars to suffer"
Mr. Maddaus if you really want to do a good story, please investigate the stories and true agendas behind Mr. Assil, Benjamin Efraim, Mr. Hakaka, and Mr. Yousefieh. You will be surprised how some of them made so much money from others misfortune.
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Fred Sahari 07/21/2011 3:52:00 AM
For once, I would like the reporter to have the courage to simply ask Mr, Namvar his side of the story, instead of reporting of what he thinks is popular. I feel this was like all the other articles I have read POOR reporting. There has been an army of lawyers and forensic accountants that have worked on this bankruptcy who have determined this is NOT a ponzi scheme, I am confused how an individual who has no connection with this bankruptcy claim this a ponzi scheme. Does he claim that he is smarter than the rest of us because he is a professor.
If you ask any bankruptcy lawyer, off the record they tell you the lawyers and accountants will always justify their existence ONLY until the money is there. They close the case as soon as the money runs out.
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fed up 07/21/2011 3:12:00 AM
now we have a know it all who is proffessor talking about ponzi, how does he know? we all know that Nmavar had many assets. where is yousefieh in this? assil is iilitrate and does not want to admit he fucked up! history will show , how much cash can be carried in suitcases?. where are the trustees who bragged about being the best in finding hidden assets. guys lets wake up may be ezri was not as smart as we all think. dont let the trustees take advantage of you with these divisions. lets unite and go with committees plan.
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Assoull 07/21/2011 2:59:00 AM
Assil joon looks like your cheese is still meejonbeh bravo, what is your secrets beside your fake and ugly hair color, cheap face self tanning cream, if you dont reveal the brand of your hair color, we will accuse you of ponzi and we have no other choice but to track cassey and ask her .
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Marz23 07/21/2011 2:52:00 AM
ladies and gentlemen mazal tov we found out Assil first girlfriend was cassey, they must have had a wonderful sex life that after so many years he still remember her name, she must have been a real kos
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Guest 07/21/2011 2:02:00 AM
well said. if namvar truly ran a ponzi scheme, he would have been tried for it. this was no ponzi
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Faramarz 07/21/2011 12:52:00 AM
I've been following this case since the beginning (almost 3 years), and aside from the numerous references to Namvar beeing a Ponzi (which are not true), this is the first fair/balanced article I've seen about the case. Just a few observations:
1) To the BK attorney who says that everyone should just give up b/c this is a Ponzi scheme --- you're an idiot. To run a Ponzi scheme is a crime. If it's so obvious, Namvar would have been tried in court for running a Ponzi scheme (like Madoff) --- but he wasn't. He was tried for taking money from an Exchange company (not related to the 400 other people who invested with him, which is the subject of this article). If it's so obvious that he was a ponzi schemer, why wasn't he charged with that? And why didn't the trustees mention it in their reports?
2) I loved the interview with Assil. I think it showed his true colors --- what a fucking snake. He's living in his multi-million dollar mansion in BH, sipping coffee at the Montage, and claiming that he's trying to protect the "poor creditors" (all while he's hitting on a waitress half his age). Anyone who has done any research into this knows that if it weren't for him, most creditors would have probably seen 50% of their money by now (instead of the 0% they have received). He's the true criminal in my opinion (Namvar is not innocent though)
3) Finally, the Comedian's comments (who visited Namvar's house) to me were the most telling. He was the only person who actually got the message from this whole ordeal. Namvar was only a messenger. The message was that money is not so important --- unfortunately, persian jews (like myself) especially in LA worry only about money. We work hard, we want to show off our nice cars and jewelry, our houses in brentwood, etc, but when it comes to something really important (children's education, charity to our local temple) all of a sudden --- we act like we're broke. Persians have been 2 faced about this for years. So G-d took their money to teach them a lesson. Namvar was only the messenger. G-d was sending the message. Now what was the message? Seems like no one got it yet except for Dian.
Peace.
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Test 07/21/2011 12:45:00 AM
test
