Controversial George Santos, a candidate for a seat in the US Congress, finally turned in his Personal Financial Disclosure Report on September 6th, 20 months after he was supposed to. He says his net worth has gone up to $11 million for no apparent reason.
In 2020, Santos’ personal financial disclosures said that he had no assets worth more than $5,000. This meant that he didn’t have any bank accounts, stock accounts, or real estate. Almost no money in the bank.
And in the year before, he made just over $50,000 from a venture fund called “Harbor Hill Capital,” which US federal prosecutors shut down and seized in 2020 because it was a “Ponzi scheme.” Santos was in charge of that “fund” in the city of New York.
Now, in a filing from September 6, 2022, Santos says he has assets worth up to $11 million. These include personal bank accounts worth between $1 million and $5 million, a Rio de Janeiro, Brazil, a condo worth between $500,000 and $1 million, and business interests worth between $1 million and $5 million.
Santos says that his parents were from Brazil, and he has said that he is a citizen of both the US and Brazil.
Santos has said many times that he owns “a mansion in Oyster Bay Cove” on Tiffany Road and “a mansion in the Hamptons” on Dune Road. However, in his financial disclosure, he does not list any US real estate. He recently told a few Republicans that he was selling his “Hamptons mansion” for $10 million because he rarely used it.
A look into Santos’ supposed “Hamptons mansion,” however, showed that the house is owned by someone else and has a market value of less than $2 million. For a man who is said to be so rich, Santos and her husband live in a rented apartment in Queens, which is part of a row house.
According to the disclosures, Santos has a Nissan that he bought with a loan of between $20,000 and $50,000. Under the Ethics in Government Act, anyone who wants to run for the US Congress must file a full and honest Financial Disclosure with the Clerk of the US House of Representatives. When Santos raised $5,000 for his campaign 20 months ago, in January 2021, the deadline to file came up.
Santos says he “lent” his campaign $600,000, which he said in his filings with the US Federal Election Commission earlier in 2022. But the “loan” of $600,000 doesn’t show up on his new 2022 personal financial disclosure. In his financial disclosures, Santos also says that he made “nothing,” or no money, in the past year. Making false filings in federal exposures is a federal crime.
Under Brazilian Decree-Law No. 394 of April 28, 1938, and Article V of the Brazilian Constitution, “no Brazilian national may be extradited” to any foreign country for crimes charged in that foreign country. “Are we just extras in ‘The Talented Mr. Santos’?” one Republican leader asked.
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