Saturday, January 28, 2023

Rep. George Santos now says campaign loan didn't come from his personal funds - CNBC

Rep. George Santos (R-NY) leaves the U.S. Capitol on January 12, 2023 in Washington, DC.

Win Mcnamee | Getty Images

Rep. George Santos, R-N.Y., made a significant revision to his 2022 campaign filings Tuesday by specifying that a $500,000 loan he made to the campaign didn’t come from his personal funds.

The initial filing from September included a checked box saying the hefty loan came from the “personal funds of the candidate.” In the new filing, which was first reported by the Daily Beast, that box is unchecked.

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The amended filing, however, doesn’t provide any new information about the source of the funds — it only says the loan came from the candidate but wasn’t Santos’ personal money.

About $150,000 in loans is still marked as having come from his personal funds. A separate filing shows a new $125,000 loan that came from Santos in October, but was not from his personal funds.

In an interview last month with WABC Radio, Santos said the loans were money “I paid myself” through the Devolder Organization, his company.

When he first ran for Congress in 2020, Santos said on a campaign finance form that he was making $55,000 a year. Last year’s campaign filings indicated that he made millions of dollars in 2021. He told the news site ...

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