Sen. Ted Cruz Fined $35K By Federal Election Commission For Not Disclosing Bank Loans To Campaign
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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.
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.
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