DOJ probing George Santos over insider trading – Business News
The Department of Justice launched an investigation into disgraced ex-Rep. George Santos after he allegedly guess on his own look at President Trump’s State of the Union deal with in February.
Santos, the one-time New York lawmaker and New Jersey jail inmate, allegedly positioned a guess on Kalshi that he wouldn’t attend Trump’s deal with to Congress, sources accustomed to the trades advised NPR.
The DOJ is reportedly investigating George Santos over alleged insider trading. REUTERS
The disgraced ex-pol allegedly positioned bets on Kalshi about his own look at President Trump’s State of the Union deal with. Getty Images
The day earlier than the Feb. 24 State of the Union, Santos introduced in a video on X that he would “be there…in the gallery.”
He wound up skipping all the occasion. During the president’s speech, Santos shared one other post on X, complaining about his obvious absenteeism.
“Watching SOTU from an airport tv was not part of the plan! FML,” Santos wrote.
The Kalshi market odds on the probability of Santos’ eleventh-hour look plummeted moments after Santos posted the replace.
Kalshi finally flagged Santos’ eyebrow-raising trades and froze his account. It referred the case to the Commodity Futures Trading Commission and the DOJ, a source advised the outlet.
It’s unclear how a lot Santos guess, or what revenue he yielded, however the sources alleged that he misled the public to bilk “tens of thousands of dollars.”
When reached by the outlet, Santos stated the investigation was “news to [him].”
“I’m not saying yes, I’m not saying no,” Santos stated when requested if he had a Kalshi account.
The Post reached out to Santos and the DOJ for remark.
