Brief by Shorts91 Newsdesk / 02:30pm on 11 Jun 2026,Thursday India Global
Indian-American financier Mahender Makhijani has been arrested in California over allegations of orchestrating a $100 million bank fraud scheme involving falsified documents, shell companies and misleading collateral records. Prosecutors allege that through Cantor Group V LLC, Makhijani deceived Western Alliance Bancorp by altering real estate title documents to falsely show first-lien security for loans. Investigators claim manipulated PDFs, fabricated spreadsheets and misleading communications were used to maintain funding. Authorities also allege that funds were diverted through complex financial networks while Makhijani maintained a luxury lifestyle. He faces federal bank fraud charges carrying a potential 30-year prison sentence, with investigators continuing efforts to trace and recover allegedly hidden funds.
