Ardy Khavari: Son of former banker businessman in Canada

At the end of September, 2011 he moved to Canada, where he has citizenship. Toronto property records in Khavari’s name date to 2001, when he took out a mortgage for a $615,000 property on Elmwood Ave., in North York. At one time, Khavari owned a Toronto-based company called Soaring Properties. In attempts to protect his capital from seizure, Khavari invested in Toronto real estate by giving money to his sons, Khashayar and Ardavan.