FEC fines Cruz campaign $35k for not disclosing 2012 loans

WASHINGTON (AP) — 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.

Associated Press
Associated Press

Associated Press

More News

Your Weather Authority

Connect with WBNG
WBNG Watch Live
Top Stories
Scroll to top
Skip to content