Former Congressman George Santos
He allegedly made a suspicious guess on Trump’s SOTU speech
Revealed
Former US Congressman George Santos is as soon as once more in a sticky state of affairs with the federal authorities…the Division of Justice has reportedly opened an investigation into him for alleged insider buying and selling.
Santos, a convicted felon, now faces potential new federal expenses for making a suspicious transaction on a prediction market on certainly one of President Trump’s speeches, in keeping with the Related Press.
The outlet reviews that Santos bragged about attending Trump’s State of the Union handle on Feb. 24, however then gambled to not present up.
Santos allegedly positioned the guess utilizing Kalshi, a regulated monetary change that enables customers to commerce on the end result of future occasions.
Kalshi later grew to become conscious of the suspicious buying and selling and referred Santos to the DOJ, in addition to the Commodity Futures Buying and selling Fee, the AP mentioned. Moreover, the fee, a federal regulator, has lately made efforts to crack down on insider buying and selling.
As for Santos, he’s no stranger to federal prosecutors. He was sentenced to 7 years in federal jail after pleading 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 just below a yr in 2021.