Harbor City called George Santos a ‘perfect fit.’ The SEC called the company a fraud.

  • 📰 washingtonpost
  • ⏱ Reading Time:
  • 30 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 72%

United States News News

United States United States Latest News,United States United States Headlines

George Santos continued working at the now-shuttered Harbor City Capital long after a prospective customer told him the company was using a fraudulent bank document, a Washington Post examination found.

Santos was in the early stages of his first run for Congress. His role at Harbor City was to find investors in New York, according to internal company emails and a former employee. Santos was not successful in that endeavor through the summer of 2020, the former employee said, but Maroney later told this person that Santos had located someone to invest.

But he did, in one instance, leverage a political contact in his search for investors, according to a fellow congressional candidate. Harbor City was then claiming that a “top tier” bank had issued it a Standby Letter of Credit, or an SBLC, designed to ensure the company’s ability to pay back investors, according to the SEC and draft investor pitches obtained by The Post. But no such SBLC ever existed, the SEC alleges.

“We are working to resolve this matter immediately,” Santos wrote in response, adding: “I will revert back to you as soon as I hear something on my end.”

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:

 /  🏆 95. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

George Santos’ Democratic opponent, Robert Zimmerman, was not a naive newcomer to politics nor a political outsider. He was a wealthy media exec, DNC member and former Congressional staffer. What happened? These are questions for the DCCC.

All I hear are accusations against Santos, I haven't seen proof to back it up.

😂

Was he supposed to investigate? (I’m not specifically a fan of Santos, but people mentioning your company is crooked must be a daily occurrence)…. People still work at the Washington Post, don’t they?

Who is 'George Santos', no really who is he..

Ok, thanks

Is his name really George Santos?

You would think Washington Post would be reporting on stolen classified document by the Biden administration and the Twitterfiles, major news stories. If you want to write about George Santos Liying and making stuff up maybe you should do the same about Biden

This guy is a nobody, but the WaPo is like a dog with a new chew toy. FFS.

Corrupt WaPo in collusion with DOJ FBI and Twitter on Russian misinformation....disgusting ! No credibility

United States United States Latest News, United States United States Headlines