California-based businessman Mahender Makhijani, 44, has been arrested on federal charges for allegedly defrauding a bank of nearly $100 million. Prosecutors claim Makhijani, an Indian lawful permanent resident, manipulated real-estate-backed loan collateral by falsifying title insurance records between September 2024 and April 2025. He allegedly misrepresented Cantor Group V LLC's first-lien positions on properties, concealing that other creditors had priority claims. Makhijani is accused of using Adobe software to alter documents and providing misleading explanations when questioned by bank representatives. If convicted of bank fraud, he faces a maximum of 30 years in prison.