George Santos' campaign no longer able to raise or spend money because his treasurer quit
Enmeshed in a web of deceit and possibly under federal criminal investigation, U.S. Rep. George Santos (R-NY) is now apparently unable to lawfully spend money or accept donations via his political campaign, which reportedly now may also be in violation of FEC rules.
On Tuesday the embattled freshman Republican announced he was temporarily stepping down from his committee assignments, reportedly after a conversation with Speaker Kevin McCarthy. Before the end of the day his campaign treasurer filed official paperwork notifying the Federal Election Commission she had resigned.
“Nancy Marks’s resignation effectively leaves the Santos campaign unable to raise or spend money and in seeming violation of federal rules,” The New York Times reports, calling her his “longtime campaign treasurer and trusted aide.”
“Mr. Santos’s financial operations, which are the subject of several complaints filed with the F.E.C. and are being investigated by local, state and federal law enforcement,” The Times adds. “It also leaves the Santos campaign in disarray, effectively rendering it unable to raise or spend money and placing it in seeming violation of F.E.C. rules.”
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In fact, FEC rules state: “If a committee’s treasurer is absent, the committee cannot make expenditures or accept contributions unless it has designated an assistant treasurer or designated agent on the committee’s Statement of Organization.”
The resignation comes after last week’s stunning report revealing that Santos, or his campaign, amended FEC filings to indicate the $700,000 he had claimed to have personally loaned his campaign had not actually come from his personal funds.
Unlike political candidates, campaign treasurers are held to an actual standard of truth, and can be personally – and legally – liable if they report false information.
FEC rules also state, “the treasurer can be named and found liable in his or her personal capacity if he or she knowingly and willfully violates the Act, recklessly fails to fulfill duties imposed by the law, or intentionally deprives himself or herself of the operative facts giving rise to the violation.”
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Santos may find it difficult to hire a new treasurer: “Even when an enforcement action alleges violations that occurred during the term of a previous treasurer, the Commission usually names the current treasurer as a respondent in the action.”
The Times adds, “The lack of clarity over who, if anyone, is operating as Mr. Santos’s treasurer has already caused confusion. On Tuesday, a joint fund-raising committee associated with Mr. Santos filed paperwork to end its operations. Ms. Marks’s signature was on the paperwork, even though she had resigned as the committee’s treasurer the week before.”
Marks’ resignation also comes after someone affiliated with the Santos campaign falsely listed a well-known Republican treasurer on the official FEC forms as the treasurer for his campaign. As one expert put it, that’s a “big no-no,” and “completely illegal.”
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