24 Hrs
Source:
Los Angeles Times
Orange County investor denied bail over fraud
Mahender Makhijani, a Corona del Mar real estate investor, was denied bail and ordered to remain in jail pending trial on federal bank fraud charges involving nearly $100 million. He is accused of creating falsified documents, transferring funds to hide sources, and threatening witnesses in connection with a loan default. Makhijani also faces a separate civil arbitration ruling requiring him to pay $1.34 billion to a Laguna Beach real estate mogul.
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