Those who followed the 2016 presidential campaign might remember when Senator Ted Cruz was discovered to have hidden $1.3 million in campaign “loans” from Goldman Sachs and Citibank during his 2012 campaign for the senate.
Beyond the financing was the most likely reality that Goldman Sachs insiders were actually financing Senator Cruz and using “loans” as a tool to skirt campaign finance laws.
During the heat of the 2016 primary campaign the Cruz Team, and the legions of supporters therein, vociferously defended the revelations and stated there was no issue with their campaign filings.
In response to the issue the Ted Cruz campaign said they’ll go through the enforcement mechanism of the FEC instead of the compliance division for resolution.
By going through the “enforcement division” (took over a year) they would delay any damaging information from discovery until after the 2016 Presidential Election.