Ted Cruz fined $35,000 for not disclosing campaign loans from Goldman Sachs and Citibank

[TexasTowelie]

by Gene Schneider, Texas Tribune


WASHINGTON — U.S. Sen. Ted Cruz's 2012 Senate Campaign was fined $35,000 last month by the Federal Elections Commission for improperly disclosing $1.1 million in loans from big banks.

Cruz did not properly disclose a loans to his campaign from both Goldman Sachs Group where his wife, Heidi Cruz, was employed at the time, and Citigroup. The information came to light in 2016 during his failed bid for the Republican presidential nomination. Cruz called it an "inadvertent filing error" at the time.

In 2017, the Federal Election Commission announced they would audit Cruz, after the Campaign Legal Center submitted a complaint about the improper disclosure.

"This is old news — simply the conclusion of the same inadvertent reporting error that was widely reported during the presidential campaign," Cruz spokesperson Catherine Frazier said in a written statement at the time.

Read more: https://www.texastribune.org/2019/03/15/ted-cruz-fined-35000-not-disclosing-campaign-loans/

[Sherman A1]

1. Good

They can’t win if they don’t cheat.