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Serial fabricator Rep. George Santos reportedly talked at the very least one particular person into investing a six-figure sum in an alleged Ponzi scheme.
The embattled Republican scored the money haul in 2020 whereas working as a regional director with Harbor Metropolis Capital, a Florida-based funding agency that was later sued by the Securities and Alternate Fee, the Wall Avenue Journal reported Saturday.
When Santos’s guarantees of as much as 20 p.c returns on the so-called “secured bonds” did not materialize, he tried to calm the unnamed investor by claiming that he’d sunk his household’s financial savings into the fund — and that he had collected practically $100 million on Harbor Metropolis’s behalf, sources instructed the outlet.
Santos, 34, didn't disclose his revenue from Harbor Metropolis on official filings throughout his run for Congress — simply one of many string of lies and distortions that has Democrats and a few GOP colleagues demanding the freshman congressman’s resignation.
He has stated that he was not named as a defendant within the SEC’s civil lawsuit towards Harbor Metropolis — however the company has not commented on Santos’s function within the firm.
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