Mother Jones digs into the personal finances of Rep.-elect George Santos (R-NY).
“His personal finances seemed odd as well, and he had worked at a Florida company called Harbor City Capital that was accused by the Securities and Exchange Commission in 2021 of running a $17 million Ponzi scheme. Subsequently, he supposedly made at least $3.5 million from a mysterious company called Devolder Organization LLC that he started, that had no public profile, and that was dissolved soon after it was created. This marked a dramatic shift from his first run for Congress in 2020, when he reported earning $55,000 per year.”
“The day after the Times story appeared, Santos took a curious step: He revived that mystery firm that he had claimed as the source of millions of dollars of income, and he listed as its address a Florida property associated with a former top official of the company that allegedly mounted that Ponzi scheme… The story of this firm is a key component of the Santos scandal.”
