FEC Fine: Ted Cruz for Senate Campaign
The Federal Election Commission (FEC) sent a letter to CLC announcing the details of a fine levied against Ted Cruz for Senate. After concluding their investigation, the FEC found Cruz obtained loans from Citibank and Goldman Sachs for use in his 2012 Senate campaign but improperly reported these loans as coming from his “personal funds.” The fine is $35,000 for inaccurately reporting the source of campaign loans totaling $1,064,000, a violation of federal law, stemming from a complaint filed by CLC and Democracy 21 in 2016.