From Time Magazine:
Ted Cruz Failed To Disclose Ties To Caribbean Holding Companyhttp://swampland.time.com/...
An old college friendship led to financial entanglement with a Jamaican private equity firm and a British Virgin Islands holding company. Neither was disclosed during his 2012 campaign.
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. After additional inquiries by TIME this week, Cruz said he is now in the process making further corrections to his disclosure.
A SECOND amended disclosure? That immediately smells kinda fishy, IMO. It's like, "you know that detail I added to correct the document? yeah, well, that was also wrong. So I'm now correcting that with this new detail..." So were you lying then, or are you lying now? Cruz May have been lying then and now, as he says he's STILL making corrections to the disclosure!
Shorter: Señor Calgary is not very trustworthy.
I guess we already knew that. I'm still haunted by the recent video of Cruz and Sarah Palin speaking at that racist shutdown rally in DC. Blech.
But ethics charges could devastate his political ambitions. He is currently the GOP's #1 choice for President in 2016! Pleaserunpleaserunpleaserun
From the comments, what annieli calls the "Royal Caribbean Carnival Cruz connection" is laid out in this excerpt from the Time article:
In an amended financial disclosure form filed Oct. 1, Cruz said he still holds a promissory note from a Kingston-based company called Caribbean Equity Partners Investment Holdings LTD, worth between $100,000 and $250,000. No company with that name is registered in Jamaica. There is however a dormant Jamaica-based private equity firm called Caribbean Equity Partners Limited of which Cruz was a founding director and preferential shareholder, according to documents filed with the Jamaican government and reviewed by TIME. The firm held $100 million in assets under management in the mid-2000s, according to local news reports, with a focus on service and tourism investments in Jamaica and the Caribbean.Update 2:
From the comments, Mark Lippman finds a Senate.gov link to Cruz's actual disclosure documents, one from as recently as a week ago. Mark has already found some sketchiness regarding certain Pfizer assets. We really ought to crowd source a thorough examination of these docs!