Home Markets Rep. George Santos now says the campaign loan did not come from his personal funds

Rep. George Santos now says the campaign loan did not come from his personal funds

by SuperiorInvest

Rep. George Santos (R-NY) leaves the U.S. Capitol on January 12, 2023 in Washington, DC.

Win Mcnamee | Getty Images

Rep. George Santos, R-N.Y., made a major revision to his 2022 campaign filings Tuesday, saying a $500,000 campaign loan he made did not come from his personal funds.

The initial filing in September included a check box saying the hefty loan came from “the candidate’s personal funds.” In a new filing, which was first reported Daily beastthis box is not checked.

The amended submissionhowever, it doesn’t provide any new information about the source of the funds — it only says that the loan came from the candidate, but it wasn’t Santos’ personal money.

The $150,000 in loans are still labeled as loans from his personal funds. AND separate submission shows a new loan of $125,000 that came from Santos in October but was not from his personal funds.

In an interview with WABC Radio last month, Santos said the loans were money “I paid myself” through the Devolder Organization, his company.

When Santos first ran for Congress in 2020, he reported on a campaign finance form that he made $55,000 a year. Last year’s campaign filings indicated he made millions of dollars in 2021. traffic lights last month that he made his money legitimately through his company’s “capital raising” business.

A spokesman for Santos’ congressional office said they “do not comment on campaign or personal matters.”

Law enforcement sources told NBC News last month that federal prosecutors in Brooklyn did launched an investigation to Santos and investigated his finances, including potential irregularities regarding financial disclosures and loans he made to his campaign.

He is also investigating him Nassau County District Attorneyoffice and the Attorney General’s Office stated that it is “look into a series of issues’ involving Santos.

The former congressman came under scrutiny after the New York Times bombing investigation published last month showed that much of his resume was apparently fabricated, including claims that he owned numerous properties, was previously employed by Goldman Sachs and Citigroup, and attended and graduated from Baruch College.

Santos acknowledged some of the fabrications and at the same time tried to downplay them. He said it New York Post last month, “My sins here embellish my resume. I’m sorry.”

While some fellow Republicans do demanded that he resignThe GOP Steering Committee, led by Speaker Kevin McCarthy of California, voted to award it two committee seats earlier this month — one in the Science, Space and Technology Committee, the other in the Small Business Committee.

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