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Jinse Finance reported that U.S. Representative George Santos of New York State tried to conduct cryptocurrency transactions with political donors during his 2020 election for Congress. In a previously unreported turn of events, Santos teamed up with Republican supporters to pitch a sophisticated cryptocurrency investment scheme to a loyal donor during his first failed House campaign.
Jinse Finance previously reported that Congressman George Santos was charged and arrested. The federal prosecutor for the Eastern District of New York charged Santos in a 13-count indictment, including 7 counts of wire fraud, 3 counts of money laundering, and 1 count of theft of public funds. and two counts of making a material false statement to the government.