The Federal Exchange Commission (FEC) fined Sen. Ted Cruz (R-Texas) $35,000 for failing to accurately disclose loans to his 2012 Senate bid from Citibank and…
The Federal Exchange Commission (FEC) fined Sen. Ted Cruz (R-Texas) $35,000 for failing to accurately disclose loans to his 2012 Senate bid from Citibank and Goldman Sachs.
The fine stems from a 2016 complaint filed by the Campaign Legal Center (CLC) over a loans totaling $1,064,000. The FEC found that Cruz’s reporting violated a campaign finance statute.
“Candidates should take seriously their legal requirement to disclose where their campaign money comes from. Today’s announcement is an acknowledgement that Cruz’s campaign deprived voters of that critical information.
