Monday, January 30, 2023

George Santos now says marketing campaign mortgage wasn’t from private funds

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Rep. George Santos, R-N.Y., made a major revision to his 2022 marketing campaign filings Tuesday by specifying {that a} $500,000 mortgage he made to the marketing campaign did not come from his private funds.

The preliminary submitting from September included a checked field saying the hefty mortgage got here from the “private funds of the candidate.” Within the new submitting, which was first reported by the Every day Beast, that field is unchecked.

The amended submitting, nevertheless, does not present any new details about the supply of the funds — it solely says the mortgage got here from the candidate however wasn’t Santos’ private cash.

About $150,000 in loans continues to be marked as having come from his private funds. A separate submitting exhibits a brand new $125,000 mortgage that got here from Santos in October, however was not from his private funds.

In an interview final month with WABC Radio, Santos mentioned the loans had been cash “I paid myself” by means of the Devolder Group, his firm.

When he first ran for Congress in 2020, Santos mentioned on a marketing campaign finance kind that he was making $55,000 a yr. Final yr’s marketing campaign filings indicated that he made tens of millions of {dollars} in 2021. He advised the information web site Semafor final month that he made his cash legitimately by means of his firm’s “capital introduction” enterprise.

A spokesperson for Santos’ congressional workplace mentioned they do “not touch upon marketing campaign or private issues.”

Regulation-enforcement sources advised NBC Information final month that federal prosecutors in Brooklyn had opened an investigation into Santos and had been inspecting his funds, together with potential irregularities involving monetary disclosures and the loans he made to his marketing campaign.

He is additionally being investigated by the Nassau County district legal professional‘s workplace, and the state legal professional common’s workplace has mentioned it’s “trying into numerous points” relating to Santos.

The freshman congressman has come below scrutiny after a bombshell New York Instances investigation printed final month confirmed a lot of his résumé appeared to have been manufactured, together with claims that he owned quite a few properties, was beforehand employed by Goldman Sachs and Citigroup, and had attended and graduated from Baruch School.

Santos has acknowledged a few of the fabrications whereas additionally making an attempt to downplay them. He advised the New York Submit final month, “My sins listed here are embellishing my résumé. I’m sorry.”

Whereas some fellow Republicans have demanded that he resign, the GOP Steering Committee, which is led by Speaker Kevin McCarthy of California, voted to present him two committee posts earlier this month — one on the Science, Area and Know-how Committee, the opposite on the Small Enterprise Committee.

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