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By now most people are aware of the controversy surrounding Candidate Ted Cruz and his failure to reveal $1.3 million in campaign “loans” from Goldman Sachs and Citibank during his 2012 campaign for the senate. At the heart of the issue is a failure of Ted and Heidi Cruz to list Wall Street “loans” on the required Federal Election Commission financial reports.Together with the campaign officials the Cruz’s say the non-reporting was an accidental oversight. However, a watch dog group has now filed a complaint with the FEC which is step one to beginning an FEC investigation.update-1Today the FEC requested information from the Cruz campaign, with a response due by March 8th:View this document on Scribd cruz goldman sachsThe full complaint (pdf) is outlined below. However, the larger question behind the complaint would be the motive for Ted and Heidi Cruz to hide the source of their campaign funds. The activity the complainant is presenting to have the FEC investigate, if proven accurate, is factually illegal.The “accidental omission” is not necessarily the problem. The irreconcilable consequences from an accurate filing are the larger issue.They can correct the missing information and file amended reports. However, if the Cruz campaign corrects the record based on the explanations to the media, the amended reports will reflect their violations of federal campaign finance laws.
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Topic: UPDATE: FEC Informs Ted Cruz Campaign They Must Provide Information On 2012 Senate Loans… (Read 463 times)
