Real Estate/Development
Jun. 2, 2026
Arbitrator awards $1.34B in OC real estate fraud case
A JAMS arbitrator found Mahender Makhijani and affiliated entities liable for fraud after a commercial real estate joint venture left a Laguna Beach businessman without the equity contribution he was promised.
A JAMS arbitrator has awarded $1.34 billion to Laguna Beach businessman Mohammad Honarkar and his company in a fraud dispute arising from a commercial real estate joint venture.
The May 23 final award found Mahender Makhijani, Continuum Analytics and affiliated entities liable for fraudulent inducement, breach of contract, violations of California Penal Code Section 496 and punitive damages stemming from a joint venture that took control of Honarkar's Southern California comm...
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