California man indicted in $6 million nationwide investment fraud scheme
SAN DIEGO, CA – A San Diego man has been indicted for allegedly running a multimillion-dollar investment scheme that defrauded investors across the United States.
According to the U.S. Attorney’s Office for the Southern District of California, 29-year-old Ethan Joseph Sanchez was charged with wire fraud and money laundering following an extensive investigation by the FBI San Diego Field Office. Court documents allege that since 2022, Sanchez solicited more than $6 million from investors through his company, BSC Equity Ventures, by falsely claiming the funds would be used for real estate projects, including property purchases, renovations, and construction of accessory dwelling units.
Prosecutors say Sanchez promised returns of up to 25 percent, falsely stating that the investment...







