The Washington Post reports:
J.P. Maroney, Harbor City’s founder and the man who hired Santos, claimed in podcasts and YouTube videos that he had devised reliably profitable ways to generate sales leads online for other companies. He said he needed funding for this enterprise and was seeking risk-averse investors, people who might be elderly and who “can’t afford to start over,” as he once put it. He promised that the money they sent him would be safe and would fetch annual returns in the double digits, often at 18 percent.
But according to the SEC, Maroney siphoned off about $4.5 million of the investors’ money — more than a quarter of the amount raised — for his own personal use, including to buy a Mercedes-Benz and a waterfront home near Cape Canaveral, Fla. The home — a six-bedroom, eight-bathroom, 13,000-square-foot mansion — was the location for a fall 2020 fundraiser purporting to benefit President Donald Trump’s reelection campaign.
Read the full article. This is quite the deep dive into Santos’ finances. Trump Junior and his girlfriend, Kimberly Guilfoyle, reportedly attended the “fundraiser.”
NEW- George Santos was alerted that his investment firm was using a fake Deutsche Bank document and continued working there for months
That and many other new details on Santos’ tenure at alleged Ponzi scheme in deep dive w/@jocwapo @emmersbrown https://t.co/LVcYueZn6T
— Isaac Stanley-Becker (@isaacstanbecker) January 15, 2023
We now know how Santos came to work at Harbor City, at least in his telling. This unusual 4 a.m. email exchange —> pic.twitter.com/s6h73ssKHb
— Isaac Stanley-Becker (@isaacstanbecker) January 15, 2023
Santos spoke about separating politics and business, saying in a company Zoom meeting in 2020, “I don’t need shiny silver bracelets.” pic.twitter.com/Gbc18G8BuE
— Isaac Stanley-Becker (@isaacstanbecker) January 15, 2023
Harbor City did mix business and politics. Four employees/associates, including Santos, were listed as contacts for a 2020 fundraiser purporting to benefit Trump’s reelect. A portrait of Kimberly Guilfoyle was painted live at the event https://t.co/LVcYueYPhl pic.twitter.com/8XqewByCTT
— Isaac Stanley-Becker (@isaacstanbecker) January 15, 2023