California accountant jailed as $8.2m for backyard homes lost in trading
A California accountant has been sentenced to 63 months in prison for defrauding investors of more than $8.2 million through fake real estate projects. Ethan Joseph Sanchez promised to use their money to build backyard homes but instead lost it through risky day trading. A federal judge also ordered him to forfeit over $8.2 million and...
Key Takeaways
- A California accountant has been sentenced to 63 months in prison for defrauding investors of more than $8.2 million through fake real estate projects.
- Ethan Joseph Sanchez promised to use their money to build backyard homes but instead lost it through risky day trading.
- A federal judge also ordered him to forfeit over $8.2 million and pay restitution to victims.
A California accountant has been sentenced to 63 months in prison for defrauding investors of more than $8.2 million through fake real estate projects. Ethan Joseph Sanchez promised to use their money to build backyard homes but instead lost it through risky day trading. A federal judge also ordered him to forfeit over $8.2 million and pay restitution to victims.
Original Publisher Attribution
This summary was curated from Times of India.