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California accountant jailed as $8.2m for backyard homes lost in trading

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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.

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California accountant jailed as $8.2m for backyard homes lost in trading
TOI WORLD DESK · 11/2/2026, 11:26:08 AM
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