Feds snare Newport Beach financier who ‘bilked $100M to fund private jets, fleet of supercars and sex-fueled mega parties’

Source: New York Post

Federal agents swooped early Wednesday morning on the Orange County mansion of a slick Indian financier accused of bilking a local bank out of almost $100 million. With automatic weapons dawn, G-men in tactical gear pounced on Mahender Makhijani, 44, at his plush home on Montecito Drive in the exclusive coastal enclave of Corona del Mar in Newport Beach. The California Post watched as agents with guns and a shield breached the mansion’s gate and pounded on the front door.