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Markets

California Financier Arrested for $100 Million Bank Fraud

Published 11 June 2026

Federal authorities arrested a California-based financier on Wednesday, June 10, 2026, on charges of orchestrating a nearly $100 million bank fraud scheme. Mahender Makhijani, a 44-year-old lawful permanent resident from India living in Corona del Mar, was taken into custody at his Newport Beach mansion.

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