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A 44-year-old Indian-American antheral was arrested successful California for allegedly defrauding a slope of astir $100 cardinal by manipulating rubric records of security policies.
Mahender Makhijani has been surviving successful the U.S. connected a Green Card and faces a maximum condemnation of 30 years successful situation if convicted.
"Mahender Makhijani, a lawful imperishable nonmigratory from India surviving successful Corona del Mar, was arrested this Wednesday (June 10, 2026) greeting connected a national transgression ailment charging him with defrauding a slope retired of astir $100 million,” Bilal Essayli, First Assistant U.S. Attorney for the Central District of California, said.
As alleged, Makhijani falsified rubric security records, concealed existent lien positions, and utilized a web of ammunition companies to mislead a federally insured slope retired of astir $100 million,” said Darren Lian, Acting Special Agent successful Charge, Internal Revenue Service - Criminal Investigation (IRS-CI)’s Los Angeles Field Office.
In a connection connected Wednesday (June 10, 2026), Mr. Essayli said the apprehension highlighted his office’s continued determination to combat threats to the nation’s banking system.
“Our peculiar agents followed the wealth done layered transfers and disguised accounts, uncovering a strategy designed to deceive astatine each turn. When individuals manipulate documents and maltreatment fiscal systems for idiosyncratic gain, IRS-CI volition exposure the information and guarantee they are held accountable,” Mr. Lian said.
According to an affidavit filed with the complaint, Makhijani controls Cantor Group V LLC, a Newport Beach-based institution with a lending narration with the Bank. Under the presumption of their agreement, the Bank precocious astir $100 cardinal to Cantor to originate oregon bargain loans secured by existent estate.
Cantor Group was expected to past pledge the loans it secured, and their underlying collateral, to the Bank, paying backmost the slope from the loans’ proceeds. From September 2024 to April 2025, Makhijani allegedly falsified rubric security policies to marque them authorities that Cantor Group was successful the archetypal lien presumption with respect to definite existent property serving arsenic collateral.
After falsifying the rubric policies, Makhijani caused his then-employee to taxable the mendacious rubric security policies to the Bank. Makhijani besides allegedly engaged successful respective teleconferences with the Bank’s representatives and lied astir the rubric issues that the Bank had identified.
