CEO of San Diego-Based Financial Firm Sentenced to Prison for Fraud

CEO of San Diego-based financial firm sentenced to prison for fraud

SAN DIEGO (FOX 5/KUSI) -- The 30-year-old founder and CEO of San Diego-based financial company Ethos Asset Management, Inc. has been sentenced to 87 months in prison for running a multi-million-dollar fraud. Carlos Manuel da Silva Santos, a Portuguese national, was found guilty of tricking borrowers into paying him more than $17 million in up-front loan fees for nothing in return, the United States Department of Justice said in a news release Fr…

San Diego financial firm CEO sentenced for multimillion dollar fraud scheme

Carlos Manuel da Silva Santos headed Ethos Asset Management Inc. caused more than $17 million in losses to victims in the United States, prosecutors say