A Democratic congressman from New York is asking federal and state investigators to examine whether embattled freshman Rep. George Santos violated securities law during his time working for a Florida-based investment firm.
In letters to the Securities Exchange Commission, the New York attorney general’s office, and the New York State Department of Financial Services, Bronx Rep. Ritchie Torres wrote “there is reason to believe that [Santos] operated as a broker… without registering as one with the SEC — a clear violation of federal securities law.”
In the letters, first obtained by Spectrum News NY1, Torres raises concerns about Santos’ time with Harbor City Capital, where the Washington Post reports he was tasked with finding investors in the New York City area.
Torres urged the agencies to “investigate Mr. Santos for operating as an unregistered broker who raised funds from unsuspecting investors.”
NEW: @RepRitchie is calling on the @SECGov, NY Attorney General, and NYS Department of Financial Services to investigate whether Rep. George Santos broke securities law while working for Harbor City Capital.
Read the letters, first obtained by @NY1 👇 pic.twitter.com/nVgH2AKnBN
— Kevin Frey (@KevinFreyTV) February 1, 2023
In 2021, the SEC accused the Harbor City Capital of running a Ponzi scheme, defrauding investors of millions. Earlier this month, Santos’s attorney told CNN that the congressman “was completely unaware of any illegal activity going…
