George Santos' 'Ponzi scheme' investment pitch revealed by former classmate

  • 📰 Newsweek
  • ⏱ Reading Time:
  • 18 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 52%

Business News News

Business Business Latest News,Business Business Headlines

'He started these lies, and I think it just continued,' his former classmate said, adding that 'it worked for him for a long time...it got him into Congress.'

The meeting was first reported bylast month. Since the time of publication, Bogosian said she and her client have been interviewed by the Securities and Exchange Commission , which shut down Harbor City in 2021 after finding the firm was conducting an"ongoing, fraudulent Ponzi scheme victimizing hundreds of investors across the United States.

"It's crazy to me now thinking back, because I mean, he's had these characteristics from so young," Bogosian told CBS. She said that as a result of being bullied as a kid, Santos tried to fit in by lying."He started these lies, and I think it just continued," she said."And this was the only way that he knew."

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 468. in BUSÄ°NESS

Business Business Latest News, Business Business Headlines