WaPo: How Santos Took Part In Alleged Ponzi Scheme

The Washington Post reports:

George Santos graciously welcomed his three guests to Il Bacco Ristorante in Queens. Restaurant staff took their coats at the door and escorted them to a private dining room upstairs. Santos had with him business cards from Harbor City Capital. He was ready to make his pitch. Over wine and caprese salad, Santos laid out a can’t-miss investment opportunity to invest in bonds financing digital advertising.

Two of the people he pitched said they did not realize until being contacted by a reporter that the man they’d known as “George Devolder” was the newly elected congressman. “I can’t believe it,” one of the two, Al Conard, said when told that Devolder and Santos are one and the same. Conard, a 60-year-old real estate agent from Minnesota, said he lost $50,000 in Harbor City.

Read the full article. There’s so much more, including the revelation that Santos still owes over $18,000 to the above-named restaurant.

A lot of politicians lie about what they’re going to do.

But none on the level of George Santos promising 1,000% returns on a ponzi scheme. https://t.co/f8deuB9469

— Citizens for Ethics (@CREWcrew) January 25, 2023

The priceless moment when one of George Devolder’s investors learns that George Devolder is George Santos https://t.co/nctQXWL877 pic.twitter.com/O7mIgujpVP

— Robert Maguire (@RobertMaguire_) January 25, 2023

Santos claimed that he accidentally flipped over a table in the office of Stephen A. Schwarzman. “I actually sat on a chair inside of Blackstone’s office on the day of the signing of a deal … and I flipped backwards … I flipped the table on Schwarzman.” https://t.co/5Qke6nFtv4

— Ben Pershing (@benpershing) January 25, 2023

George Santos tried to get a car accident victim who won a $2M settlement to invest $300k in what the SEC says was a Ponzi scheme.

It didn’t work.

“Bringing us to this fancy restaurant and doing all this, I felt like he was doing it to capture us.” https://t.co/dR42htu93D

— Jonathan O’Connell (@jocwapo) January 25, 2023

Santos emailed the accident victim, Christian Lopez, again and again. It didnt work. “Every other day there was a message from him or from his peoples, and I was like, ‘My man, who goes this hard? If you are making large amounts of money, you are not going to hit me up every day”

— Jonathan O’Connell (@jocwapo) January 25, 2023

Santos seems like he is a very good conman.

He would tell a detailed story about his relationship with Stephen A. Schwarzman, who most people would have to google afterwards. If he’d said Elon Musk, people would’ve been more suspicious. https://t.co/0O84WvfUaB pic.twitter.com/nX6ZGn2jah

— Richard Hanania (@RichardHanania) January 25, 2023