Disgraced former U.S. Rep. George Santos, whose 87-month federal prison sentence for fraud and identity theft was commuted by President Donald Trump in October, has agreed to pay $35,000 to settle a federal investigation into unlawful trading after placing a bet that he would not attend the president’s State of the Union address – which he ultimately missed.
“Mr. Santos has agreed to resolve the CFTC’s inquiry and to put this matter behind him,” Santos’ attorney, Joseph W. Murray, wrote in a statement. “Critically, and consistent with how these regulatory matters are commonly resolved. Mr. Santos has settled without admitting any of the commission’s allegations, findings or conclusions. He chose a prompt, practical resolution rather than protracted, costly litigation, and that choice should not be mistaken for an admission of any wrongdoing because it is not one.”
