FEC audit slams Cruz for undisclosed campaign loans

Support our flag. Get the bumper sticker. CLICK HERE

An audit by the Federal Election Commission (FEC) has cast Sen. Ted Cruz (R-Texas) in a bad light, over improper loans he received during his 2012 campaign for Senate.

Cruz, whose wife, Heidi Cruz, is a former Goldman Sachs employee, reportedly received an $800,000 loan from Goldman Sachs and a $264,000 loan from Citigroup which had not been disclosed to voters.

Additionally, Cruz had loaned his campaign about $336,000 from his personal funds.

The loans were first brought to light in January 2016, while he was running for president, The Hill reported.

Cruz had reportedly stated in 2012 that he was liquidating his personal assets in order to finance his campaign, but it was discovered that he had not sold enough financial assets to account for the $1.4 million he had received.

The FEC posted it’s findings on their website, with all five commissioners agreeing that the loans from Goldman Sachs Group and Citigroup should have been disclosed to voters.

TEAM DML blankets on sale now for Christmas (BUY NOW)

If you would like to receive Breaking News text alerts on a smartphone or tablet, download the DML APP which is completely FREE and easy to use. Go to the Google Play Store or the IOS App Store and search for DML APP. Be sure to keep the app’s notifications setting on. Another way to receive alerts is to text to 40404 the following message: follow @realdennislynch (be sure to put a space between the word follow and the @ symbol).

To see more stories like this, sign up below for Dennis Michael Lynch’s email newsletter.







 

Comment via Facebook

 

Comment via Disqus

Send this to a friend