Mahender Makhijani Faces Federal Bank Fraud Charges Over Alleged $100 Million Scheme

Mahender Makhijani is facing federal bank fraud charges over an alleged scheme that prosecutors say defrauded a federally insured bank of nearly $100 million. According to NS3.AI, prosecutors allege Makhijani used manipulated title policies and shell companies to inflate collateral values. Authorities have not provided additional details in the report about the timeline of the alleged conduct or the specific bank involved.