U.S. Rep George Santos Used Crypto in Nigerian Prince-Like Scheme for Donor Deal: Report

Consultant George Santos, who’s serving his first time period, has been charged with 13 offenses, together with embezzling marketing campaign donations, falsely receiving unemployment advantages.

Consultant George Santos, who’s serving his first time period, has been charged with 13 offenses, together with embezzling marketing campaign donations, falsely receiving unemployment advantages, and mendacity to the Home of Representatives.

The New York Occasions reported that one in every of his crypto schemes gave the impression to be influenced by the Nigerian prince-like e-mail fraud.

Santos and two different males approached a marketing campaign donor claiming to be a rich Polish citizen who needed to buy the digital currencies however was unable to take action as a result of his property had been frozen.

The trio requested the donor to ascertain a restricted legal responsibility firm so they might entry the funds, however they didn’t disclose the id of the Polish investor or the rationale the property had been frozen. Santos and associates requested the contributor to signal a non-disclosure settlement after the donor requested extra particulars. The negotiations got here to an finish when the donor requested revisions to the settlement.

Santos, Michael LiPetri, a former Republican state assemblyman, and Bryant Park Associates had been all concerned within the venture, however no settlement was ever finalized. In March, Santos was detained and accused of 13 offenses, which he pleaded not responsible.

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