While many people are complaining about Congress, a congressional candidate from Suffolk County, New York, has just put $1 million into his race to be a U.S. Representative from the 1st Congressional District of New York. The campaign committee of George G. Demos, R-N.Y., Friends of George Demos, reported today it had received a loan of $1,000,000 from the candidate on 9/27. The loan has no due date, no interest rate and it is not secured. The committee reported no other receipts or disbursements during the third quarter ending 9/30. George Demos is a former prosecutor with the U.S. Securities and Exchange Commission. He ran in the 2010 Republican primary receiving 30% and coming in second. In 2012, he ran again, raised and spent $354,649 but withdrew in May 2012 due to his upcoming wedding. View his 2011-2012 campaign financial profile. His personal financial statement filed in 2012, shows (more…)
