Join Meir Panim’s campaign to “light up” Chanukah for families in need.
The FBI has arrested a Los Angeles man who allegedly operated a Ponzi scheme targeting the city’s Iranian Jewish community.
Shervin Davatgarzadeh, also known as Shervin Neman, was taken into custody on suspicion of defrauding $3 million from mostly Jewish Iranian-American investors, the FBI said.
According to the indictment, Davatgarzadeh posed as a hedge fund manager promising to invest in the Los Angeles real estate market.
He is suspected of illegally using the investments to pay for a lavish lifestyle for himself and his wife that included a $60,000 wedding ring, luxury cars and a new office.
Iranian Jewish community in Los Angeles has been rocked by a series of Ponzi schemes in recent years, according to the L.A. Jewish Journal.
A U.S. district court in March sentenced an Iranian-Jewish radio talk show host and businessman, John Farahi, to 10 years in prison for swindling $24 million from dozens of victims, mostly Iranian Jews.
In October 2011, Iranian-Jewish businessman Ezri Namvar was sentenced to a seven-year prison term for stealing $21 million from four clients.
About the Author:
If you don't see your comment after publishing it, refresh the page.
Comments are closed.
Soldiers hit in missile attack were patrolling in non-armored jeeps.
Arab brother, sister were apparently planning attack.
The Spanish Ministry of Defense has confirmed that rockets were fired first at Israel from Lebanon, provoking IDF into retaliation.
The Gazans are protesting the freeze in the money transfer from the UN for rehabilitating their region.
Hezbollah launched a multi-site attack against Israel’s northern region Wednesday morning, wounding soldiers.
4:28 pm Released for publications: 2 IDF soldiers were killed in the attack on Har Dov today. 3:15pm Channel 10 reports that 7 IDF soldiers were wounded in today’s Hizbollah cross border attack. 2:28pm Reports of IDF tanks and APCs on carriers…going North. 2:16pm Despite Lebanese News reports, the IDF has reiterated that no IDF […]
One UNIFIL soldier is dead in the wake of an attack on Israel by Lebanon’s Hezbollah terror group.
Jordan has caved to ISIS and agreed to swap a terrorist prisoner for its hostage pilot.
PM Netanyahu warned Hezbollah attackers bluntly from Sderot on Wednesday, “look at what happened in Gaza.”
IDF posts on Mount Hermon and Har-Dov have sustained mortar shell bombings fired from Lebanon at 1:00 PM Wednesday afternoon.
An Israeli artillery field encampment on high alert after they responded to several rockets hitting the Mount Hermon Resort, in the Golan Heights, northern Israel, January 27, 2105
Israeli soldiers were wounded on the Israeli-Lebanese border, by an Anti-Tank Missile shot at an IDF convoy.
French President Francois Hollande tells Jews Monday at Holocaust memorial, “France is your homeland.” Not Israel…
One American, a former Marine, dead in ISIS-affiliate’s terrorist attack on Libyan luxury hotel.
More than 20 cars and buildings in a Jewish community in north London were vandalized with swastikas. The Nazi symbol was drawn on approximately 27 cars in the Osbaldeston Road area of Stoke Newington on Sunday night, The Daily Mail reported. An unnamed 32-year-old man was arrested in connection with the vandalism Tuesday. The neighborhood […]
New York State Assemblyman Dov Hikind called on the Jewish community to attend the funeral of an assassinated New York police officer. “The brave men and women of the NYPD risk their lives every day to protect us. We value them and stand with them,” Hikind, a Democrat who represents Brooklyn, said in a statement […]
“Move Jew” scrawled on a Philadelphia home and slurs written on a synagogue and 10 garages in Chicago.
Cuba has “the largest pool of untapped baseball talent in the world, and Major League Baseball may tap and leave Cuba dry.
Argentina’s president Christina Fernandez has accepted an official Jewish godson for the first time in the country’s history to help counter legend of death to a seventh son. She described in seven tweets her meeting with her new godson, Yair Tawil, a member of a Chabad-Lubavitch family. He was adopted as a godson under a […]
Printed from: http://www.jewishpress.com/news/breaking-news/police-arrest-la-man-accused-of-defrauding-iranian-american-jews/2013/05/01/
Scan this QR code to visit this page online: