FEC fines Ted Cruz's Senate campaign for failing to properly disclose $1 million in loans

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Sen. Ted Cruz's campaign is paying a $35,000 fine to the Federal Election Commission for failing to accurately report more than $1 million in loans that helped underwrite his first Senate bid

The federal election watchdog found that Cruz used a line of credit from Citibank and borrowed against the Goldman Sachs brokerage account he held with his wife to come up with $1.06 million for his 2012 campaign. Campaign officials inaccurately described the money in Federal Election Commission filings as coming from Cruz's personal funds, according to an agreement between federal regulators and the Cruz campaign posted online Friday by the nonprofit Campaign Legal Center.

Earlier this week, for instance, the agency levied a nearly $1 million fine against a super PAC supporting Jeb Bush's 2016 presidential campaign and a Chinese-owned corporation after concluding they broke the law barring foreign interference in US elections.The Federal Election Commission reviews dozens of complaints each year. Last year, it reached so-called"conciliation" agreements in 19 cases with an average fine of $29,747, according to the agency's data.

Source: Loan News Today (loannewstoday.net)

 

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He's so bad. The Republicans are gonna make him join us Democrats and ms13 or antifa. According to Republicans all Democrats are in one or the other.

Another cheater wow just like the president

Everyone up in arms about this.... still cool with obama quietly paying $300,000 fine for campaign finance violations.

That’s the Best payday loan in the world !!!!!

Love it!!!!!

GOP GOPChairwoman please answer why the GOP feels the need to constantly cheat?

Those numbers are off. He got a mill & only has to pay a few thousand? No wonder the corrupt stay corrupt.

The corruption run deep, without credible law enforcement agencies, things like this go undetected. And if Democrats had been doing anything like this, Republicans who control both Houses of Congress the last 2yrs, would have exposed it. Trump has numerous investigations in 2yrs

Gee, imagine that! Just another Repo slimeball.

Ashamed ted Cruz is Texan

that's a pittance of a fine, 3.5%

Lyin Ted was maybe a good moniker ......

tedcruz Christian values.

Oh, but he seems so trustworthy and honest. Just like a rattlesnake.

He should have known, the crook. Pretends to be a religious conservative. Cheaters always get caught in the end.

Corruption

NeverForget

Obama Campaign fined how much

Sen. Ted Cruz's campaign is paying a $35,000 fine to the Federal eating contest Commission for failing to accurately report more than $1 million in loans that helped underwrite his first Senate bid

You forget about AOC she’ll have to pay a fine and her COS will get jail time, oh I forgot Democrats get a pass HillaryClinton

How much did Democrats pay for sexual abuse.

Damn Republican crooks..

Obama campaign paid the same same fine. I report you decide. You won’t find anything negative about obama on cnn

I love the watchdog cnn is and only wish they could apply their talent equally. We might get rid of corrupt politicians. If we only focus on the other side while ignoring those inside our own ranks then we have no credibility and no chance at accomplishing anything.

Im sure the left is worse but were on CNN!!

When Mr. Constitutionalist threw his wife and father under the bus nothing he does now surprises me.

What no Federal crime or indictment or long legal process? Nope just a FINE! So what's up, Mueller didn't get a chance to prosecute that!

And CNN is being sued for $250 million for race baiting

These rich folks can't keep track of all their money. Seems like they need a money manager or something.

The Munster Family denies any involvement.

Where is the mandatory jail time 🤔

Amazing he won that state

Disgusting man.

Busted, now what about that loser who owes the taxpayers 78,000 for sexual harassment fines?

Wow. Trump got one right. “Lying” Ted at it again....

Ted Cruz a lil broke boi😂 couldn’t be me on baby

Trump was right again.

Are democrats going to investigate his whole life now?

Get in Line .....many more .....

Now do AOC

Only 35,000 dollars ?

Uh, where’s the investigation? Fluck a fine! tedcruz: just another ReTHUGlican criminal.

This is the guy Beto O'Rourke could not beat.

“Dog bites man”

lol I dont think this is going to be a problem for tedcruz Fakenews

What's your point? KAG

No wonder oversight terrifies the right so much.

Man of god...

Can't wait to see how they spin this as 'Fake News'

I mean , it's Cruz, sooooooo ...... ¯\\_(ツ)_/¯

This is non news.

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