Ted Cruz’s Failure to Disclose Wall Street Loan is a Real Legal Problem [View all]

[KamaAina]

http://www.mediaite.com/online/ted-cruzs-failure-to-disclose-wall-street-loan-is-a-real-legal-problem/

The recent revelation that Republican hopeful Ted Cruz failed to disclose a 2012 $1 million loan from the Wall Street investment bank, Goldman Sachs, raises legitimate legal concerns, and could spell trouble for the presidential hopeful.

The New York Times first reported that campaign disclosure reports show that before a scheduled run-off in the May 2012 senatorial election, Cruz received a low-interest loan from his wife’s bank, which his campaign committee never reported to the Federal Election Commission.

The Cruz camp is brushing this all off as a BIG oversight. Cruz promised to immediately amend the filing if there were any problems. The Texas Senator said that he and his wife put their liquid net worth into the campaign and the loans in question were “disclosed over and over and over again.”

That’s great but here’s the problem: what he did could still be a violation of federal law.

Could we deport him to Canada?