Namvar Never Lied To Real Estate Clients, Jury Told

Law360, Los Angeles (May 4, 2011, 11:46 PM EDT) -- A real estate tycoon accused of siphoning $21 million from the tax deferral accounts of unwitting clients did not defraud anyone, a defense attorney told a Calif. jury in federal court Wednesday.

Prosecutors say that Ezri Namvar, owner of a company that held proceeds from real estate transactions, and co-defendant Hamid Tabatabai, the company's controller, each committed four counts of wire fraud when they used money held in clients’ tax deferral accounts to keep the faltering company afloat.

“The issue in this case is not going...
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Case Information

Case Title

USA v. Namvar et al


Case Number

2:10-cr-01055

Court

California Central

Nature of Suit

Date Filed

September 21, 2010

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