Rep. George Santos, R-NY, reportedly raised at least one six figure investment for a Florida company the SEC has since accused of operating as a Ponzi scheme.
" Maroney used investor money to enrich himself and his family, and to perpetuate the Ponzi scheme by making payments of fictitious returns to existing investors using other investor funds," the suit continues. "Specifically, of the $17.1 million raised from Harbor City’s investors, Maroney misappropriated more than $4.88 million for his own personal use."
U.S. Rep.-elect Matt Gaetz talks to Rep.-elect George Santos in the House Chamber during the second day of elections for Speaker of the House at the U.S. Capitol Building on January 04, 2023 in Washington, DC. The investigation into Maroney's company is ongoing no criminal charges have been filed. Santos did not immediately respond to a request for comment from Fox News Digital.
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