" Caveat Emptor " (Buyer Beware)...Ted Cruz and the REPLUG Party !

"Ted Cruz Failed To Disclose Ties To Caribbean Holding Company"

Read more: http://swampland.time.com/2013/10/18/ted-cruz-failed-to-disclose-ties-to-jamaican-holding-company/#ixzz2iGeHNmUU

"...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."
 
"Ted Cruz Failed To Disclose Ties To Caribbean Holding Company"

Read more: http://swampland.tim.../#ixzz2iGeHNmUU

"...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."

"There are no absolute Senate prohibitions on being a director of a company or holding shares in, or notes on, a private equity firm or a holding company, according to the Senate ethics rules "


Rep. Charles B. Rangel (D-N.Y.) acknowledged yesterday that he had not lived up to the “higher standard” expected of members of Congress, but he maintained that he should not be punished politically for failing to disclose and pay taxes on rental income from his Caribbean resort property.
The Ways and Means Committee chairman, who is battling three ethics controversies, said he would file amended tax returns and pay federal, state and local taxes he owes — an amount that his attorney, Lanny Davis, estimated at more than $10,000 for 2004 to 2006. Rangel’s accountants are working to determine his tax liability for the rest of the 20 years that he has owned the three-bedroom villa in the Dominican Republic, Davis said.
Rangel, 78, said he regretted his failure to account for the $75,000 in income the property generated, calling the omission “irresponsible.”

The Florida Commission on Ethics has found probable cause to conclude that Sen. Maria Sachs failed to properly disclose a Tallahassee condominium on her annual financial disclosure forms for three years but, because Sachs amended her forms to correct the omission, the commission chose not to pursue any further action.