Rep. George Santos (R-N.Y.), who has faced controversy after it was revealed he made false statements about large parts of his personal and work background, once raised money for a company that the Securities and Exchange Commission (SEC) later said was a Ponzi scheme, The Wall Street Journal reported.
The Journal reported on Saturday that Santos convinced at least one person to invest a six-figure sum into a Florida-based company called Harbor City Capital. People familiar with the matter told the Journal that Santos was hired in 2020 to raise money for the company and brought in at least one major investment.
One of the people said Santos reassured the investor when the investment did not deliver its promised returns by telling him that he made $100 million and invested his family’s money in the company.
The SEC accused Harbor City Capital of being a Ponzi scheme in 2021 in a civil lawsuit.
The report is the latest in a string of controversies surrounding the embattled congressman. Many Democrats and at least seven House Republicans have called on him to resign in light of reports that he misled voters about major details in his background as a candidate.
The head of the Nassau County Republican Party has also called on Santos to resign.
Some of the instances include claiming to have worked at Goldman Sachs and Citigroup and graduated…
