Brutish $100M Newport Beach bank fraudster used armed thugs to seize hotels in ruthless campaign of terror, courts docs reveal

Source: New York Post

The Orange County financier arrested Wednesday for allegedly conning a bank out of almost $100 million is accused of using a series of strong-arm tactics during his campaign of terror — including deploying armed henchmen to seize hotels and a restaurant in a posh Southern California enclave. Indian-born businessman Mahender Makhijani, 44, was pulled out of his tony Newport Beach mansion Wednesday morning by gun-toting federal agents who took him into custody for allegedly defrauding a local bank out of nearly $100 million in a complex real-estate scheme. 8 Mahender Makhijani, 44, is accused of using a series of strong-arm tactics during his campaign of terror.