Read time: 1 minute

Now Here's A Retirement Plan

Ted Cruz has discovered a new retirement plan.
Now Here's A Retirement Plan

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.

  1. Write a book or get someone to ghost write one for you.
  2. Get a donor to donate copies of your book through your SuperPAC
  3. 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

Can you help us out?

For 16 years we have been exposing Washington lies and untangling media deceit. We work 7 days a week, 16 hours a day for our labor of love, but with rising hosting and associated costs, we need your help! Could you donate $21 for 2021? Please consider a one-time or recurring donation of whatever amount you can spare, or consider subscribing for an ad-free experience. It will be greatly appreciated and help us continue our mission of exposing the real FAKE NEWS!

More C&L Coverage

Discussion

New Commenting System

Our comments are now powered by Insticator. In order to comment you will need to create an Insticator account. The process is quick and simple. Please note that the ability to comment with a C&L site account is no longer available.

We welcome relevant, respectful comments. Any comments that are sexist or in any other way deemed hateful by our staff will be deleted and constitute grounds for a ban from posting on the site. Please refer to our Terms of Service (revised 3/17/2016) for information on our posting policy.

Please Do Not Use the Login Link at the Top of the Site.

In order to comment you must use an Insticator account. To register an account, enter your comment and click the post button. A dialog will then appear allowing you create your account.

We will be retiring our Crooks and Liars user account system in January, 2021.

Thank you.
C&L Team