Ted Cruz Failed To Disclose Ties To Caribbean Holding Company

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Ted Cruz Failed To Disclose Ties To Caribbean Holding Company

Texas Republican Senator Ted Cruz potentially violated ethics rules by failing to publicly disclose his financial relationship with a Caribbean-based holding company during the 2012 campaign, a review of financial disclosure and company documents by TIME shows. The relationship originated with a $6,000 investment Cruz made more than a decade ago in a Jamaican private equity firm founded by his college roommate.

When Cruz later reported the financial relationship in 2013, he failed to comply with Senate rules requiring full identification of the holding company and its location, triggering an inquiry by Senate Select Committee on Ethics staff and a second amended disclosure.

Read more: http://swampland.time.com/2013/10/1...es-to-jamaican-holding-company/#ixzz2i7tQes7p