WAMU 88.5 : News

Filed Under:

Montgomery County Mortgage Scammer Sentenced To 7 Years

Play associated audio
Photo of convicted Mortgage scammer Carlos Sanchez, who swindled Latino homeowners in jeopardy of foreclosure out of thousands of dollars.
Montgomery County Police
Photo of convicted Mortgage scammer Carlos Sanchez, who swindled Latino homeowners in jeopardy of foreclosure out of thousands of dollars.

A mortgage scammer in Montgomery County is sentenced to 7 years in prison after preying upon Latino families with the promise of bailing them out of tough financial situations.

Scammer Carlos Sanchez, also known as Wilson Hernandez is known in the area for wearing flashy purple suits and driving a fancy car. He used this upscale persona to steal more than $50,000 from vulnerable homeowners during the height of the mortgage crisis.

Jose Molina said Sanchez offered him a low-interest loan that he couldn't refuse. "He promised me he was going to get me a loan of $1 million," says Molina.

Molina, who has an economics degree, says he felt confident in the transaction.

"I got so frustrated because actually we lost the current business, and we lost the projection that we had toward the new business," say Molina, who lost $6,000 in the scam and the lease on his small business.

State's Attorney John McCarthy says Sanchez promised them loans without the hassle of going through a bank or government agency.

"By its design, it targeted these individuals with the thought that the people he was targeting would never report their crimes, or bring to the attention of the authorities the fact that they had been milked and scammed of their monies," says McCarthy.

Two Montgomery county victims also lost their homes in the scam.

NPR

'Key & Peele' Is Ending. Here Are A Few Of Its Code Switch-iest Moments

From Luther the "anger translator" for President Obama to everyday situations, Key and Peele have always put code-switching from and center in their comedy show.
WAMU 88.5

The Democracy Of The Diner

Whether the decor is faux '50s silver and neon or authentic greasy spoon, diners are classic Americana, down to the familiar menu items. Rich, poor, black, white--all rub shoulders in the vinyl booths and at formica counters. We explore the enduring appeal and nostalgia of the diner.

WAMU 88.5

D.C. Council Member David Grosso

D.C. Council Member and Chair of the Committee on Education David Grosso joins us to discuss local public policy issues, including the challenges facing D.C. Public Schools.

NPR

Twitter Faces Challenges As It tries To Balance Profitability, Popularity

The social network Twitter is popular with users, but that's not enough. It also needs to be profitable, and by its 140-character nature that's a challenge.

Leave a Comment

Help keep the conversation civil. Please refer to our Terms of Use and Code of Conduct before posting your comments.