Bankr. L. Rep. P 76,650, 95 Cal. Daily Op. Serv. 7575, 95 Daily Journal D.A.R. 12,971 in Re Emil Nourbakhsh and Marlene Nourbakhsh, Debtors. John M. Gayden, Jr., and Miriam M. Gayden v. Emil Nourbakhsh

67 F.3d 798 Bankr. L. Rep. P 76,650, 95 Cal. Daily Op. Serv. 7575 , 95 Daily Journal D.A.R. 12 ,971 In re Emil NOURBAKHSH and Marlene Nourbakhsh, Debtors. John M. GAYDEN, Jr., and Miriam M. Gayden, Plaintiffs-Appellees, v. Emil NOURBAKHSH, Defendant-Appellant. No. 94-55192. United States Court of Appeals, Ninth Circuit. Submitted July 12, 1995. * Decided Sept. 28, 1995. Bernard Edwin Galitz, San Diego, California, for defendant-appellant. No appearance for plaintiffs-appellees. Appeal from the Ninth Circuit Bankruptcy Appellate Panel. Before: FARRIS and O'SCANNLAIN, Circuit Judges, and TASHIMA, District Judge. ** PER CURIAM: 1 This is an appeal from a decision of the Bankruptcy Appellate Panel of the Ninth Circuit ("BAP") affirming the bankruptcy court's grant of summary judgment to Plaintiffs-Appellees John and Miriam Gayden (the "Gaydens") on their claim of nondischargeability. See 11 U.S.C. Sec. 523 (a)(2)(A). We have jurisdiction under 28 U.S.C. Sec. 158 (d) and affirm. FACTS 2 Debtor-Appellant Emil Nourbakhsh ("Nourbakhsh") and his affiliated corporation, The Gold Exchange, solicited the Gaydens to invest in precious metals. Between 1986 and 1987, the Gaydens placed five…