Another Santos financial concern: GOP lawmaker claims campaign paid WinRed triple the fees it should have
According to an NBC News report there’s yet another mystery swirling around U.S. Rep. George Santos and his campaign financial activity and reports.
WinRed, the right-wing fundraising processor platform created to compete with Democrats’ ActBlue, has asked the Santos campaign to correct a financial report that claims the New York GOP lawmaker paid them more than triple what it should have – suggesting the entry on his Federal Election Commission (FEC) report is erroneous.
“Santos reported paying WinRed more than $206,000 to process donations to his 2022 campaign, records show. But that amount doesn’t match up with how much money Santos actually raised,” NBC News reports.
“WinRed charges candidates a 3.94% fee for contributions made online by credit card. At that rate, Santos would have had to have raised more than $5.2 million through WinRed to warrant a $206,000 payment to the firm,” NBC explains. “Through November, however, his campaign reported total contributions of $1.7 million, including donations that didn’t come through WinRed.”
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WinRed would not tell NBC News how much the Santos campaign actually paid them, with the news network offering that it could be “sloppy accounting.”
But one campaign finance expert, attorney Brett Kappel, warns, “nothing that appears on Rep. Santos’s FEC reports can be taken at face value.”
This follows reports that the Santos campaign amended two filings to indicate that a $500,000 personal loan and a $125,000 personal loan, claimed to have been from the candidate’s own personal funds, was not from his personal funds. There is no information indicating what entity loaned the Santos campaign the money, or if it actually even existed.
That bombshell was followed up this week with yet another one: the FEC reports were allegedly signed by a “treasurer” who does not and never has worked for the Santos campaign. One expert called that a “big no-no,” and “completely illegal.”
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