Federal investigators claim Makhijani, who holds a Green Card, manipulated title insurance policies to trick the bank into believing his firm, Cantor Group V LLC, held primary lien positions on real estate collateral. Between September 2024 and April 2025, he allegedly submitted fabricated documents and misled bank representatives during repeated teleconferences to conceal the true financial state of his loans.
Beyond the financial deception, court filings paint a picture of a coercive operation. Makhijani is accused of hosting drug-fueled sex parties attended by bank employees, using the resulting leverage to blackmail participants. Witnesses and subordinates reported death threats, with allegations that he vowed to ruin families and leave associates destitute if they crossed him. This arrest follows a separate civil ruling where an arbitrator found him liable for $1.3 billion in damages related to real estate disputes with businessman Mohammad Honarkar. IRS agents tracked the flow of funds through layered transfers, eventually exposing the shell company network that sustained his alleged criminal enterprise.
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