Santos Tries To Explain Away Mysterious Sudden Wealth

Semafor reports:

As an example of his work, he said a client might want to sell a plane or a boat. “I’m not going to go list it and broker it,” he said. “What I will do is I will go look out there within my Rolodex and be like: ‘Hey, are you looking for a plane?’ ‘Are you looking for a boat?’ I just put that feeler out there.”

He said he had a network of wealthy investors, family offices, “institutions” and endowments that included about 15,000 people. Within the first six months of starting Devolder, he said he “landed a couple of million-dollar contracts.” “If you’re looking at a $20 million yacht, my referral fee there can be anywhere between $200,000 and $400,000,” he said.

Read the full article. There’s much more, including an accounting of Santos’ previous work for a company accused by the feds of being a Ponzi scheme. Santos failed to provide Semafor with the names behind these alleged “million-dollar contracts.” Hit the link.