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Karmel Melamed

Karmel Melamed

Iranian Jewish banker Ezri Namvar indicted on federal fraud charges

Los Angeles Iranian Jewish banker and real estate investor Ezri Namvar, 59, was indicted on Sept. 21 by a federal grand jury on five counts of fraud. The charges allege he failed to return $23 million given for safekeeping to his company, Namco Financial Exchange Corp. (NFE), and instead invested the money in risky real estate deals.

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