An Orange County real estate investor charged with criminal fraud will remain in jail pending trial after a judge ruled he was a flight risk and had made death threats against a witness.
Mahender Makhijani, 44, of Corona del Mar, accused of defrauding an Arizona bank of nearly $100 million, was denied bail Monday after a multiday hearing sought by federal prosecutors. He had previously been granted $500,000 bail.
Makhijani, who was taken into custody June 10, has pleaded not guilty to two felonies in a case involving a $100-million loan made by Phoenix-based Western Alliance Bank.
He also has been ordered by an arbitrator to pay $1.34 billion to Laguna Beach real estate mogul Mohammad Honarkar in a separate civil fraud case.
“[T]he Court finds there are no conditions of combination of conditions that will reasonably assure the Defendant’s appearance and the safety of others and the…
Review your monthly bank statements and credit card bills line-by-line to spot small “tester” transactions of R5 or R10, which fraudsters use to verify if a stolen card is still active.