US federal authorities arrested Indian-origin financier Mahender Makhijani, accusing him of defrauding a bank out of nearly $100 million. Prosecutors allege he falsified title insurance policies and altered documents to misrepresent real-estate loan collateral between 2024 and 2025. Makhijani was detained at his Newport Beach residence and faces up to 30 years in prison if convicted
A 44-year-old Indian-origin financier, Mahender Makhijani, has been accused of defrauding Western Alliance Bancorp out of nearly $100 million. He allegedly falsified title insurance policies to inflate the value of the properties he pledged to obtain loans against.
Makhijani is also accused of hosting sex parties and using them to put pressure on the attendees, according to a New York Post report.
Arrest and federal charges
The first assistant US attorney for the Central District of California, Bill Essayli, on Wednesday confirmed that Makhijani was arrested. He was detained from his Newport Beach mansion by gun-toting federal agents.
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