WASHINGTON (CBSDFW.COM) – The Federal Election Commission fined Sen. Ted Cruz’s Senate Campaign $35,000 on Friday.

The fine is for not disclosing $1,000,000 worth of loans from Goldman Sachs and Citibank.

The New York Times first reported the story in 2016.

Senate Commerce, Science and Transportation Committee member Sen. Ted Cruz (R-TX) prepares to leave a hearing in the Dirksen Senate Office Building on Capitol Hill on March 13, 2019. (Photo by Chip Somodevilla/Getty Images)

Sen. Cruz and his wife, Heidi put $1.2 million in “personal funds” into his 2012 Senate campaign.

A later review of personal financial documents showed they didn’t sell any assets to get the money, but took out the loans instead.


Leave a Reply

Please log in using one of these methods to post your comment:

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s