Santos Campaign Has $562 On Hand, Owes $800,000

Newsday reports:

Former Rep. George Santos’ campaign has $562 in cash on hand but also owes $786,932 in debt, federal records show.

The debt includes $156,932 owed to Republican campaign staffers and companies and $630,000 in loans he allegedly made to the campaign. In announcing Santos’ federal indictment in October, U.S. Attorney Breon Peace called the loans “nonexistent” and fabricated.

He faces at least two years in federal prison for identity theft and up to 20 years in prison for wire fraud. The court says he owes donors $373,749 in restitution.

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Santos’ camapaign fund has $562 in cash, nearly $800,000 in debt. Via @GormleyAlbany https://t.co/aF4gVnOfKx

— Yancey Roy (@YanceyRoy) August 27, 2024