Prosecutors say Makhijani, a lawful permanent
resident from India who ran Cantor Group V LLC, falsified title policies from
September 2024 to April 2025 to make junior real estate loans look like
top-priority collateral.
He and a subordinate allegedly used Adobe software to forge documents, alter metadata, and mislead the bank through calls and spreadsheets.
This follows a prior $1.34 billion arbitration loss
for similar fraud, amid allegations of a lavish life with mansions, supercars,
and hidden assets; if convicted, he faces up to 30 years in prison.
First Assistant U.S. Attorney Bill Essayli stressed the risks to the banking system and economy.