“George Santos tries to explain his wealth”

Semafor:

Rep.-elect George Santos has admitted to “embellishing” his resume with fake stints on Wall Street and a phantom college degree. He’s still trying to defend against accusations that he pretended to be Jewish.

But the burning question for many people, including his soon-to-be Republican and Democratic colleagues in Congress, is simple: Where did he get the money to fund his campaign?

“Where did all that money come from?” Rep. Ritchie Torres, D-N.Y. tweeted on Tuesday. “The Ethics Committee MUST start investigating immediately.”

When he first ran for Congress in 2020, Santos, who appears to have suffered from financial trouble for much of his adult life, filed disclosures listing no assets and a salary of $55,000, which he earned as a vice president at LinkBridge Investors, a business development firm. But the filings from his most recent run suggest he came into sudden riches, making between $3.5 million and $11.5 million from a company he founded called the Devolder Organization in 2021. He loaned his campaign more than $700,000.

In a phone conversation with Semafor, Santos offered a short tick-tock of how he made his money that left certain key details unanswered. …

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