California accountant gets 63 months in prison after $8.2 million backyard homes fraud
Source: Times of India
Category: General
Region: General
Published: November 02, 2026 at 11:26
📝 Summary
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.