Corona Del Mar Man Charged With Nearly $100 Million Federal Bank Fraud
Prosecutors say Mahender Makhijani falsified title insurance records and used shell companies to mislead a federally insured bank out of nearly $100 million.
- Authorities arrested Mahender Makhijani, a 44-year-old resident of Corona del Mar, yesterday on federal charges of defrauding a bank out of nearly $100 million. Bilal Essayli, First Assistant U.S. Attorney for the Central District of California, announced the arrest.
- Prosecutors allege Makhijani, who controls the Newport Beach-based Cantor Group, manipulated title insurance records from September 2024 through April 2025 to mislead the bank regarding true lien positions of real estate collateral.
- Under their agreement, the bank advanced nearly $100 million to Cantor to originate or buy real estate loans, requiring Cantor to pledge only first-lien loans since subordinate liens offer significantly less collateral value.
- Darren Lian, Acting Special Agent in Charge of IRS Criminal Investigation's Los Angeles Field Office, said Makhijani used shell companies to conceal true lien positions. "Schemes like the one alleged pose a significant risk to banks the nation's financial system," added Ryan Korner, special agent in charge with the Federal Deposit Insurance Corporation Office of Inspector General.
- Makhijani, a lawful permanent resident from India, faces a maximum sentence of 30 years in prison if convicted of the federal charges. The case remains under investigation by federal authorities.
27 Articles
27 Articles
Who Is Mahender Makhijani? Financier Accused Of Conning Banks Out Of $100M And Hosting Lavish S*x Parties
Mahender Makhijani, a 44-year-old Indian-origin financier based in California, has found himself at the centre of serious fraud allegations after US authorities accused him of deceiving a bank out of nearly $100 million (£73 million). Federal prosecutors claim that Makhijani manipulated documents related to real estate loans to secure financing under false pretences. The allegations have drawn attention not only for the scale of the purported fr…
Indian-Origin Financier Mahender Makhijani Used Sex Parties To Defraud US Bank Of $100 Million
According to the US Internal Revenue Service (IRS), Makhijani falsified title insurance records, concealed true lien positions, and used a network of shell companies to mislead a federally insured bank.
Indian-origin man accused of using fake documents and shell firms in USD 100 million bank fraud
Mahender Makhijani, 44, a Green Card holder residing in Corona del Mar, was taken into custody on federal charges alleging he manipulated title insurance records and misled a federally insured bank, according to US authorities.
Indian-origin man defrauds US bank of $100 million using fake documents, arrested
US authorities arrested California-based businessman Mahender Makhijani over an alleged nearly USD 100 million bank fraud. Prosecutors said fake title records made loan collateral appear stronger and exposed the lender to losses.
India native, now lawful U.S. resident, accused of scam costing bank $100 million * WorldNetDaily * by WND Staff
Source link A native of India, now a lawful resident in the United States, has been arrested on allegations he defrauded a bank out of nearly $100 million. According to federal authorities, Mahender Makhijani, 44, of Corona del Mar, was taken into custody by law-enforcement officers. “Makhijani controlled Cantor Group V LLC, a Newport Beach-based company
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