Ted Cruz has discovered a new retirement plan.
You know there’s a law that candidates cannot spend campaign donations to benefit themselves. There’s about 174 ways around that law that I can come up with before sundown.
But, in all honesty, this is the first time I’ve seen this one.
Here’s how it works.
- Write a book or get someone to ghost write one for you.
- Get a donor to donate copies of your book through your SuperPAC
- You get to keep the royalties, which you couldn’t do if they were bought with your campaign account.
And that’s exactly what happened here. $15,000 to buy Cruz’s book as gifts. Since Cruz’s book is selling for $17.62 on Amazon, that’s about 850 books.
And the guy who bought them? Dr. Ben Carson’s former lawyer and campaign manager, Terry Giles. Giles was also Ken Lay’s lawyer during Enron.
Crossposted at juanitajean.com