Serial fabricator Rep. George Santos reportedly talked at least one person into investing a six-figure sum in an alleged Ponzi scheme.
The embattled Republican scored the cash haul in 2020 while working as a regional director with Harbor City Capital, a Florida-based investment firm that was later sued by the Securities and Exchange Commission, theWhen Santos’s promises of up to 20 percent
returns on the so-called “secured bonds” failed to materialize, he tried to calm the unnamed investor by claiming that he’d sunk his family’s savings into the fund — and that he had collected nearly $100 million on Harbor City’s behalf, sources told the outlet.
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WSJ News Exclusive | George Santos Raised Money for Company the SEC Says Was a Ponzi SchemeThe New York congressman, under scrutiny for his finances and lies about his past, was paid by the Florida-based company, now in receivership after it was sued by the regulator.
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Rep. Santos said accused ‘Ponzi scheme’ was ‘100% legitimate’Santos worked at Harbor City Capital Corp. in 2020 and 2021, a company the SEC said was a “classic Ponzi scheme” in an April 2021 complaint against the firm. A Ponzi scheme is a type of…
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Watch: 2020 video shows Santos bragging about 'record returns' at accused 'Ponzi scheme' job | CNN PoliticsCNN's Andrew Kaczynski reports on Republican Rep. George Santos' employment at Harbor City Capital, a company accused of running a 'Ponzi scheme' and later sued by the US Securities and Exchange Commission. Santos denies having knowledge of the situation.
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Pressure mounts for Republican Rep. George Santos to resign over lies about his backgroundNew York Republican leaders called for Santos to resign from office over lies about his personal life.
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Matt Gaetz defends George Santos: 'Embellishing one's resume isn't a crime'Gaetz interviewed Santos on Steve Bannon's podcast while Bannon was at a court hearing.
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