Ted Cruz Failed to Show 2012 Loans From Goldman Sachs, FEC Says
- Tea Party favorite claimed he used personal funds for campaign
- FEC faulted Texas senator in rare unanimous decision
U.S. Senator Ted Cruz.
Photographer: Andrew Harrer/BloombergThis article is for subscribers only.
U.S. Senator Ted Cruz improperly accounted for loans he received from Goldman Sachs Group Inc. and Citigroup Inc. during his 2012 campaign, saying the funds were his own personal contributions to the Senate race, the Federal Election Commission said Thursday.
The finding, released on the FEC website, marked a rare instance of agreement among the agency’s five commissioners, who voted unanimously that the $1.1 million of loans from the banks should have been disclosed to voters. The FEC didn’t say whether there would be a penalty.