So where were we? Ah yes, Mr. Dames, whose name and other info is attached to both of the addresses listed on Mr. Santos's Devolder entity.

Mr. Dames's linkedin page says he also was CFO at Harbor City Capital Management. Surprise! This one's an out-and-out scam as well. Per the SEC:

The Securities and Exchange Commission (“SEC”) announced on April 26, 2021, that it filed an emergency action and obtained an asset freeze to stop an alleged ongoing fraudulent Ponzi scheme. The SEC claims that from 2015 to 2021, Harbor City Capital Corp. (“Harbor City”) and its founder and CEO, Jonathan P. Maroney raised more than $17.1 million from over 100 investors through unregistered, fraudulent securities offerings.

The defendants originally sold the securities as promissory notes and agreements, offering investors 2%-6% in interest rates for 12-36 months. The investors were promised a full return on their investment principal. The defendants solicited money through Harbor City’s website and online marketing videos posted to YouTube and social media platforms like Facebook. The investors were told in the marketing videos that their money would be used to fund Harbor City’s lead generation business which the SEC claim describes as the process of capturing online interest in a service or product for the purpose of developing sales leads. #devolder, #santos #georgesantos #harborcity #devaughndames

This part got me, from the NYT story on Dec. 19:

"His financial disclosure forms suggest a life of some wealth. He lent his campaign more than $700,000 during the midterm election, has donated thousands of dollars to other candidates in the last two years and reported a $750,000 salary and over $1 million in dividends from his company, the Devolder Organization.

Yet the firm, which has no public website or LinkedIn page, is something of a mystery. On a campaign website, Mr. Santos once described Devolder as his “family’s firm” that managed $80 million in assets. On his congressional financial disclosure, he described it as a capital introduction consulting company, a type of boutique firm that serves as a liaison between investment funds and deep-pocketed investors. But Mr. Santos’s disclosures did not reveal any clients, an omission three election law experts said could be problematic if such clients exist."

https://www.nytimes.com/2022/12/19/nyregion/george-santos-ny-republicans.html

Something tells me the SEC and/or the FTC know a lot about his, er..."clients."

#devolder #devaughndames #nyt #georgesantos