US

George Santos’ ‘Ponzi Scheme’ Funding Pitch Revealed By Former Classmate

A brand new documentary reveals a former classmate of Consultant George Santos detailing an encounter with the freshman congressman throughout his time working at Harbor Metropolis Capital Company, an funding agency that was shut down for working a “traditional Ponzi scheme.”

Tiffany Bogosian, an lawyer who says she went to junior excessive with Santos, mentioned that in 2020, Santos, who was a regional director for Harbor Metropolis on the time, requested certainly one of Bogosian’s shoppers for a six-figure funding over dinner at an Italian restaurant in Queens, New York. She mentioned the supply got here after Bogosian talked about she had lately helped that shopper attain a $2 million settlement.

“He requested for a $300,000 principal funding, and he basically mentioned the shopper was not allowed to know what it was being invested in in any respect,” she recalled to CBS Stories within the documentary Marketing campaign of Deceit, which was launched Thursday. Bogosian mentioned the shopper turned Santos down.

The assembly was first reported by The Washington Submit final month. For the reason that time of publication, Bogosian mentioned she and her shopper have been interviewed by the Securities and Change Fee (SEC), which shut down Harbor Metropolis in 2021 after discovering the agency was conducting an “ongoing, fraudulent Ponzi scheme victimizing lots of of buyers throughout america.”

Santos has mentioned that he was not conscious of any wrongdoing on the agency.

Above, Consultant George Santos, then a representative-elect, walks within the Home Chamber throughout the second day of elections for speaker of the Home on the U.S. Capitol on January 4 in Washington, D.C. A brand new documentary reveals a former classmate of Santos detailing an encounter with the freshman congressman throughout his time working at Harbor Metropolis Capital Company, an funding agency that was shut down for working a “traditional Ponzi scheme.”
Anna Moneymaker/Getty

In its criticism, which didn’t identify Santos, the SEC mentioned that since 2017, Harbor Metropolis CEO Jonathan Maroney had used “no less than $6.5 million of investor funds to make month-to-month curiosity funds and different payouts to buyers in a traditional Ponzi scheme style.”

“It is loopy to me now pondering again, as a result of I imply, he is had these traits from so younger,” Bogosian informed CBS. She mentioned that on account of being bullied as a child, Santos tried to slot in by mendacity. “He began these lies, and I believe it simply continued,” she mentioned. “And this was the one means that he knew.”

“It labored for him then and I believe it labored for him for a very long time. I imply, it acquired him into Congress,” Bogosian added.

Since being elected to Congress in November, it has been revealed that Santos closely fabricated components of his background, together with claims that he had Jewish heritage and that his mom was working within the World Commerce Middle on the time of the 9/11 terrorist assault.

Santos has since admitted to “embellishing” components of his resume, reminiscent of his school document and employment at Citigroup and Goldman Sachs.

Plenty of fellow Republicans have referred to as for Santos’ removing from Congress, and his personal Lengthy Island constituents traveled to Washington, D.C., this week to demand his resignation.

Final month, Santos mentioned he “stay[s] dedicated” to serving the folks of New York’s third Congressional District and that he was dissatisfied “to listen to that native officers refuse to work with my workplace.”

“I’ll NOT resign!” the congressman tweeted on January 11.

Newsweek reached out to Santos for remark.