30 October 2026 · Sentenced

Housing units that were never built

Official FBI graphic for the ADU investment sentencing — Official FBI graphic posted with the sentencing announcement. U.S. government work. No separate copyright line on the graphic.

Ethan Joseph Sanchez was sentenced in federal court in San Diego to 63 months. The court also ordered forfeiture of more than $8.2 million and restitution. Case number 25-cr-04062.

He admitted wire fraud. Investors were told their money would build accessory dwelling units. He built none of them. The money was lost in day trades.

This page records the sentencing announcement. It does not add later proceedings.

Department of Justice announcement