Santos was paid for work at company accused of Ponzi scheme later than previously known

By | January 12, 2023

The Washington Post reports:

Rep. George Santos (R-N.Y.), who has admitted to fabricating key details of his biography, received payments as recently as April 2021 from a financial services company accused by the Securities and Exchange Commission of a “classic Ponzi scheme,” according to a court-appointed lawyer reviewing the firm’s assets.

Santos did not divulge any income from the company, Florida-based Harbor City Capital, on a financial disclosure form required of all federal candidates. The payments the lawyer described to The Washington Post, which have not been previously reported, indicate that Santos received money at least a month after he has said he left the firm — and mere weeks before registering a business called the Devolder Organization that he has claimed as the basis for his wealth. The lawyer, Katherine C. Donlon, declined to tell The Post the amount Santos was paid.

Santos, whose election to Congress from Long Island last year helped the GOP secure its narrow majority, has apologized for what he called “résumé embellishment,” but he has refused to step aside. On Wednesday, he rebuffed calls to resign from fellow New York Republicans, including leaders of the state GOP and the party in Nassau County, which had previously endorsed him. [Continue reading…]

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