Posted on 02/03/2016 2:25:15 PM PST by FR_addict
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! Today the FEC requested information from the Cruz campaign, with a response due by March 8th: The 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...
(Excerpt) Read more at theconservativetreehouse.com ...
THE ONLY QUESTION HERE IS: DID HE HAVE SUFFICIENT ASSETS TO SECURE THE LOANS?
If not, he is in violation of a good law.
In the past few weeks...
Goldman Sachs reaches $5.1 billion mortgage bond fraud settlement
http://www.dw.com/en/goldman-sachs-reaches-51-billion-mortgage-bond-fraud-settlement/a-18981568
To be fair, we’re also giving St. Cruz credit for his mighty Bible referencing, his higher-than-thou attitude and his Christian speak while he does all his dirty deeds.
Cruz’s deceptions are catching up with him.
Would you have wanted that if you knew he was STILL a Canadian citizen?
“Also saying that Trump wants to bomb Denmark.”
Really? Even for this campaign that’s a bit weird.
He is on Trump’s payroll.
Its clear Iowa has some of you to come near unhinged.
Agreed. When you want something in the worst way, it usually ends up being the worst way.
Really ..??
CRUZ LOANED HIMSELF THE MONEY .. FROM HIS OWN ACCOUNTS.
There is nothing irregular about it.
The complaint is wrong. The loans were secured. They were fully backed by collateral.
CRUZ LOANED HIMSELF THE MONEY .. FROM HIS OWN ACCOUNTS.
There is nothing irregular about it.
“The Citibank loan, also for as much as $500,000, was a line of credit, and it is not clear from Mr. Cruz’s letter what collateral, if any, was used to obtain it. Mr. Cruz’s presidential campaign has declined to answer questions from The Times about the Citibank loan.”
It's just the beginning for Mr. Cruz.
His motives for the omissions here reek.
Oops-a-daisy!
CRUZ LOANED HIMSELF THE MONEY .. FROM HIS OWN ACCOUNTS.
There is nothing irregular about it.
Mark Ivor Bradman from Florida.
He’s actually not bad for someone with no particular inside information. But that lack of information does make him appear humorous at times.
Thanks. Sooooo, my understanding of the election laws are that if he/she is so employed, there are probably “like kind” reportable events by Trump. Right? I bet there aren’t any done. Maybe there should be an FEC investigation.
Gwjack
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.