George Santos Admits 500K Personal Loan to Campaign Wasn’t ‘Personal’

George Santos, a Republican candidate for Florida’s 27th Congressional District, recently admitted that a $500,000 loan he made to his own campaign was not actually a “personal” loan. Santos had previously reported the loan as a “personal” loan on his financial disclosure form.

The loan was made in August of 2019 and was the largest single contribution to Santos’ campaign. The loan was reported as a “personal” loan in his financial disclosure form, but Santos has now admitted that the loan was actually made by a company he owns called GSA LLC.

The revelation has raised questions about Santos’ financial disclosure form and whether he was attempting to hide the source of the loan. In a statement, Santos said that the loan was “not a personal loan” and that he had “simply used the wrong terminology” when he filed his financial disclosure form.

The loan has also raised questions about whether Santos was attempting to skirt campaign finance laws. Under federal law, candidates are not allowed to use personal funds to finance their own campaigns and must disclose the source of all contributions.

Santos has since amended his financial disclosure form to reflect the true source of the loan. He has also stated that he will be returning the loan to GSA LLC and will be using other sources of funding to finance his campaign.

The Santos campaign has been struggling financially, and the loan was seen as a way to boost his fundraising efforts. However, the revelation that the loan was not actually a “personal” loan has raised questions about Santos’ financial disclosure practices and whether he was attempting to skirt campaign finance laws.

Santos is running against incumbent Donna Shalala in the November election. It remains to be seen how the revelation of the loan will affect his chances of winning the election.

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