Landlord Fooled by $100M Fraud Scheme

A billionaire fraudster just got arrested—and the real story is how he pulled off a $100 million scam by manipulating a trusted, elderly real estate mogul. Gerald Marcil, a seasoned landlord with thousands of units and a flawless credit history, claims he was tricked into guaranteeing loans, investing in shady deals, and even covering Makhijani’s debts—all while being subjected to what he calls elder abuse. Now Marcil’s suing for $9 million in defaulted loans, plus a $2.4 million legal tab, and accuses Makhijani of secretly draining properties, stealing rental income, and leaving him with a bank threatening foreclosure after a $19.2 million loan went sour. This is a cautionary tale of how even the most seasoned players can be ensnared in a web of deceit. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/050016d3db7a846c