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Jul 31, 2026
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Ex-Congressman Fined for Manipulative Trading

OBBM Network Editorial Staff
July 31, 2026
Ex Congressman Fined For Manipulative Trading

The U.S. Commodity Futures Trading Commission (CFTC) has ordered former Republican Congressman George Santos to pay a $35,000 fine for alleged manipulative trading. Santos, who was expelled from the House of Representatives in 2023, made nearly $18,000 by trading on prediction markets in February of this year.

The trading involved bets on whether Santos would personally attend President Donald Trump’s State of the Union address. The CFTC stated that Santos’ actions constituted manipulative trading, resulting in the fine.

Original reporting: Appleton, WI News Feed (HLL/CB) — read the source article.

OBBM Network Editorial Staff

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Editorial team behind OBBM Network — independent, hyper-local journalism syndicated through HyperLocalLoop and OBBM Network TV.

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