Caribbean Cruz

Senator Ted Cruz returned to Texas claiming triumph after leading the ill-fated government shutdown in October, but his growing national profile is attracting scrutiny of his record. A TIME review of Cruz's financial disclosures shows he may have violated Senate ethics rules during the 2012 campaign by failing to report money owed to him by a British Virgin Islands company.

In 1998, Cruz invested $6,000 in a Jamaican private-equity firm he founded with his Princeton roommate, David Panton. When Cruz cashed out in 2003, Panton gave him $25,000 in cash and a $75,000 promissory note against Panton's holding company. Federal election...

Want the full story?

Subscribe Now


Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!