Prosecutors contend that between September 2024 and April 2025, Makhijani systematically altered title insurance records to deceive the lender. By erasing metadata, he misled the bank into believing his company held primary security priority on various properties, despite other creditors possessing senior claims. This deception allowed him to extract massive sums based on fraudulent collateral valuations.
Beyond the federal case in Santa Ana, Makhijani faces significant civil fallout, including a $1.3 billion arbitration judgment linked to failed management agreements with local businessman Mohammad Honarkar. Allegations detailed in court filings and media reports further suggest he employed unconventional intimidation tactics, including the hosting of sex parties to compromise business associates. If convicted on the bank fraud charges, Makhijani faces a maximum sentence of 30 years in federal prison.
Comments (0)
No comments yet. Be the first!