If you were wondering whatever happened to the Mahmoud Reza Khavari, former chairman of Iran’s largest state-owned bank, Bank Melli, who participated and profited from the then largest bank fraud in Iran’s history, $2.6 billion, wait no more.

Bloomberg:

“Sam Mizrahi, one of Canada’s best-known property developers, was building two luxury condominiums in midtown Toronto last year when he says he received a phone call from someone who demanded millions of dollars, threatened to burn his house down and ruin his reputation.

The person on the other end of the line, Mizrahi said in court filings, was Mahmoud Reza Khavari, former chairman of Iran’s largest state-owned lender, ….”

The deal was to build two pricy condo towers in Toronto, all financed by Khavari, read the rest here.

The only question I have is, why is this man, Khavari, walking freely and spending embezzled money?

Sanction works, U.S. Senate, get to it.