George Santos indictment: Congressman pleads not guilty to 13 counts

In addition to being charged with defrauding campaign donors and falsely applying for unemployment benefits, the indictment alleges that Santos mislead the House of Representatives about his finances, specifically in to two financial disclosure forms he filed as a candidate.

in May 2020, during his first unsuccessful campaign, Santos overstated one source of income while failing to disclose his investment firm salary, the indictment says.

And in September 2022, while running again, Santos again included falsehoods in his financial disclosure forms, according to the indictment.

Santos lied about earning a $750,000 salary and between $1 million and $5 million in dividends from his company, the Devolder Organization, according to the indictment, and falsely claimed to have a checking account that held between $100,000 and $250,000, and a savings account with deposits of between $1 and $5 million.

"These assertions were false. Santos had not received from the Devolder Organization the reported amounts of salary or dividends," prosecutors said in the indictment.

Santos was placed under arrest this morning and will be arraigned on the indictment this afternoon.

He was placed under arrest on a 13-count, 19-page indictment that outlines three main schemes.

If convicted on all counts, he faces up to 20 years in prison -- though it's by no means certain he would serve that much time.

Federal prosecutors in Central Islip, New York, accuse Santos of engaging in a "scheme to defraud" his campaign donors.

According to the indictment, Santos solicited donations for his run for office "under the false pretense" that those funds would actually be used for politics.

Instead, prosecutors said Santos spent "thousands of dollars of the solicited funds on personal expenses, including luxury designer clothing and credit card payments."

Santos is also charged with illegally receiving unemployment benefits during the pandemic even though "he was employed and was not eligible for unemployment benefits," the indictment said.

Santos is also charged with lying to the House of Representatives on his financial disclosures. Taken together, U.S. Attorney Breon Peace said. Santos relied on "repeated dishonesty and deception to ascend to the halls of Congress and enrich himself."

Among the accusations in the charging documents are allegations that Santos applied for unemployment benefits during the pandemic, falsely claiming to have been unemployed since March 2020, according to prosecutors.

He collected money from then until April 2021, "when Santos was working and receiving a salary on a near-continuous basis and during his unsuccessful run for Congress," referring to his first run for the job, which he lost. In total, prosecutors say he collected more than $24,000 in benefits.

He was actually being paid a $120,000 salary as regional director of an investment firm at the time, according to prosecutors.