An Orange County financier has been arrested by federal agents on accusations of bank fraud tied to loans secured by real estate. Mahender Makhijani was arrested on Wednesday at his mansion at 57 Montecito Drive in Newport Beach’s tony Corona del Mar neighborhood, the California Post reported. Authorities reportedly breached the property — which Redfin valued at nearly $7.7 million — with guns drawn before arresting the pajama-clad Makhijani. Makhijani controls Newport Beach-based Cantor Group V LLC, which had a lending relationship with an unnamed bank, according to a news release from the U.S. Attorney’s Office for the Central District […]
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