George Santos in the news again after Trump-era pardon chatter and renewed focus on his legal saga; ex-NY rep, convicted felon, expelled in 2023.
Florida Democrat Sheila Cherfilus-McCormick faces a public ethics hearing on 25 violations linked to her campaign funding and alleged misuse of COVID relief funds. She denies wrongdoing amid federal charges for stealing $5 million in disaster relief, with potential expulsion votes looming. The case highlights ongoing political and legal scrutiny.
Rep. Cherfilus-McCormick has resigned from Congress as the House Ethics Committee moves toward a vote on punishment after finding 25 ethics violations. She denies wrongdoing and faces federal criminal charges over FEMA funds allegedly funneled to her campaign. The resignation follows a pattern of recent departures by lawmakers under ethics probes.
Federal investigators are examining whether George Santos placed bets on Kalshi about his own attendance at the State of the Union, with the trades flagged by the market and referred to the DOJ and CFTC. Santos has previously been convicted and pardoned, and his current status is under scrutiny as prediction markets face regulatory pressure.
Kalshi has rolled out market-integrity measures, including employment disclosure and a risk-scoring system, to curb insider trading and manipulation on its prediction markets. The move follows recent investigations and enforcement actions, with Kalshi citing an Independent Surveillance Audit Committee’s findings.