Ex-Congressman George Santos
Allegedly Made Suspicious Guess On Trump SOTU Tackle
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Former U.S. Congressman George Santos is in scorching water once more with the feds … the Division of Justice is reportedly investigating him for alleged insider buying and selling.
Santos, a convicted felon, is now going through attainable new federal costs for making a suspicious commerce in a prediction market on considered one of President Trump’s speeches, in response to the Related Press.
The outlet experiences that Santos bragged about attending Trump’s State of the Union handle on February 24, however he then guess in opposition to exhibiting up for it.
Santos allegedly positioned the guess utilizing Kalshi, a regulated monetary alternate that enables customers to commerce on the result of future occasions.
Kalshi subsequently discovered concerning the suspicious commerce and referred Santos to the DOJ, in addition to the Commodity Futures Buying and selling Fee, the AP mentioned. Moreover, the fee, a federal regulatory physique, has just lately made a push to crack down on insider buying and selling.
As for Santos, he is no stranger to federal prosecutors. He was sentenced to 7 years in a federal lockup after he pleaded responsible to fraud and identification theft in 2024.
However Trump took pity on his fellow Republican and commuted Santos’ sentence, releasing him after 84 days in jail. Santos served New York’s third Congressional District for slightly below a yr in 2021.
