🚨 HOLY CRAP! An Indian man has just been ARRESTED on a FEDERAL criminal complaint that he defrauded a bank out of nearly $100 million dollars, FA US Attorney Bill Essayli says
Mahender Makhijani, 44, faces up to 30 YEARS in prison
He came to the US from India and is now the DOJ's MASSIVE focus on fraud 🔥
KEEP THE ARRESTS COMING!
Essayli:
"Makhijani controlled Cantor Group V LLC, a Newport Beach-based company that had a lending agreement requiring it to pledge only first-lien real estate loans to the victim bank.
Makhijani falsified title policies from September 2024 to April 2025 to make it appear Cantor held first-lien positions when other creditors were ahead. Makhijani and a subordinate forged documents in Adobe, altered metadata, and submitted the falsified records to the victim bank, while also providing misleading explanations during calls and in spreadsheets.
If convicted, Makhijani faces a statutory maximum sentence of 30 years in federal prison. He is expected to make his initial appearance this afternoon in U.S. District Court in Santa Ana, California. All defendants are presumed innocent until convicted in court.
Our nation’s economy and welfare depend on a healthy banking system. When lenders are deceived, it has downstream effects on consumers and businesses."
What... Commifornia again??
