A California-based Indian-origin businessman, Mahender Makhijani, is facing accusations of $100 million fraud and explosive allegations that go far beyond financial misconduct. Federal prosecutors have accused Mahender Makhijani, linked to Newport Beach-based Cantor Group V (also referred to in reports as Cantor V), of orchestrating a large-scale bank fraud scheme. The court filings and witness accounts have also raised claims involving sex parties, intimidation, and blackmail.
The case has drawn significant attention in the United States due to the scale of the alleged fraud and the sensational accusations surrounding Makhijani's personal and business dealings.
What Are the Allegations against Mahender Makhijani?
According to federal authorities, Mahender Makhijani allegedly secured nearly $100 million from a regional bank by using forged real-estate documents and misleading financial information. Investigators claim altered property records were submitted to support loan applications and financing arrangements.
