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Who
Is Ezri Namvar?
A
Jewish financier who is alleged to have scammed $400 million from Los
Angeles investors. He parades around as an Israeli philanthropist, who
owned three banks, and an
investment company, Namco Capital Group, Inc.
His web of
companies, owned a swath of valuable real estate properties in the
L.A. area and beyond — including the downtown Marriott Hotel and an
office building known as the Wilshire-Bundy Plaza, which was
reportedly valued at more than $100 million.
6
Namvar
owns 93 percent of Network Bank USA, an Ontario-based institution that
had operated as Golden Pacific Bank. In the two years since he took
control of Network Bank USA. assets have doubled to more than $70
million.
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Ezri Namvar Ran NAMCO Capital Corp
Ezri
Namvar's Namco
group of companies is a diverse family of ventures in the fields of
financial services, real estate development and investment. Since the
inception of the group in 1980, it has experienced steady and
impressive growth. Today, Namco has approximately $1.2 billion of
assets under management.
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Now Namvar and his investment company, Namco Capital Group,
Inc., are accused of losing as much as $400 million loaned to him
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Security
Pacific Bank
On
November 2008, Namvar's Security Pacific Bank failed, and was taken
over by the Federal Deposit Insurance Corp.
Security Pacific Bank, Los
Angeles, California, with approximately $561.1 million in total assets
and $450.1 million in total deposits, was closed. Pacific Western
Bank, Los Angeles, California has agreed to assume all deposits. (PR-114-2008)
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A Bank
Heist
The real
value of a bank is in loans and investments. Most of the loans
will be taken over by the FDIC, which
will seek to sell them.
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How Does The Loan Swindle
Work?
The bank lends a fellow Zionist
$50 million for a real estate purchase. The bank gives Abe the
money, and he buys a $5 million dollar shopping center for $50
million.
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Abe borrowed $50 million and
bought Shem's shopping center
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Shem now has $50 million
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Abe says the tenants left, the
real estate market collapsed, and he defaulted on the loan
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The bank gets bailout by the
taxpayers
The shopping center will
get auctioned off by the FDIC, and Shem's cousin will
buy it.
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