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FEC Fines Cruz Campaign $35K for Not Disclosing 2012 Loans

FEC Fines Cruz Campaign $35K for Not Disclosing 2012 Loans
Sen. Ted Cruz (Getty Images)

Friday, 15 March 2019 06:21 PM

The Federal Election Commission is fining Texas Sen. Ted Cruz $35,000 for failing to disclose that he received loans to help finance his 2012 Senate run.

Cruz said at the time that his family liquidated their net worth to loan $1.43 million to his campaign. But the FEC later found that $1.06 million of that was from loans granted by Citibank and Goldman Sachs, where his wife worked.

Cruz's campaign did not immediately respond to a request for comment Friday.

The federal agency has not announced the fine publicly. But the nonpartisan Campaign Legal Center, which filed a complaint in 2016 that led to the fine, released documents revealing it.

The loans' existence was first reported in 2016 by The New York Times.

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The Federal Election Commission is fining Texas Sen. Ted Cruz $35,000 for failing to disclose that he received loans to help finance his 2012 Senate run.Cruz said at the time that his family liquidated their net worth to loan $1.43 million to his campaign. But the FEC later...
US, FEC Fine, Cruz
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2019-21-15
Friday, 15 March 2019 06:21 PM
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