On Jan. 20, 2016, the Campaign Legal Center, with Democracy 21, filed a complaint with the Federal Election Commission (FEC) urging the FEC to investigate apparent violations of campaign finance laws by Senator Ted Cruz and the 2012 Cruz for Senate Campaign relating to loans he obtained from Goldman Sachs and Citibank for use in his 2012 Senate campaign.
According to the complaint, Senator Cruz failed to report the loans to the FEC, as required by law, and may have used a portion of his wife’s assets to secure the loan resulting in the campaign accepting excessive contributions.
The complaint asks the FEC to formally investigate the apparent violations and seek appropriate sanctions.
CLICK HERE to read the 11 page (PDF) complaint.
NYC Wins When Everyone Can Vote! Michael H. Drucker
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