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Namvar Quits Nessah Synagogue Board

URL: http://www.jewishjournal.com/community/article/namvar_quits_nessah_synagogue_board_20100406

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 of 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.

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