Loan Scam (Video)

John McCarthy, State’s Attorney for Montgomery County, held a press conference on Sept. 14 following the sentencing of Carlos Sanchez (also known as Wilson Hernandez).  Prosecutors said Sanchez swindled thousands from eleven local residents seeking mortgage relief. Take a look.

Judge Ronald Rubin sentenced Sanchez to 14 years in prison suspending seven years. Prosecutors said Sanchez will also have four years of supervised probation and he must repay the victims full restitution. On July 18, Sanchez was found guilty by a jury of four counts of theft over $1,000, one count of theft over $10,000, one count of conspiracy to commit a theft scheme and one count of mortgage fraud.

In total,  prosecutors said eleven victims are out of $48,000 and some of them lost their homes.

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