Cruz' undeclared Cayman "investment". 6K magically becomes 100K (or more).

[elehhhhna]

Oops forgot to declare it. Like anyone would FORGET the brilliant geniousness of his own financial acumen.

Why hasn't he offered to invest the US' money? With returns like that, we could fix the debt and have dough left over.

I LOVE how they're now referring to the Caymans as The BVI (sure, it's accurate, but I guess "Cayman" sounds dicier.

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

[TwilightGardener]

1. Crooked snake-oil flim-flam man.

But then we figured that already.

[Skink]

2. Tom Delay in the making

[The empressof all]

3. I bet Fox news will jump all over this..

NOT!!!

Personally though I think it's time for some tar and feathers for the boy.

[silvershadow]

4. Did you say Cruz' undeclared Cayman "investment" of $6k magically became $100k or more?

This should be spread far and wide, and I hope authorities are digging deeper.

[BlueJazz]

5. I can understand forgetting financial matters. Why, just the other day I could have sworn my...

...bank account was $ 645.47 ...and then I checked and it was a quarter of a million dollars and some change.

Who knew ?? My bad.

[TwilightGardener]

6. Like finding a $20 in your coat pocket from last winter.

Multiplied many, many times over, in a foreign country.

[jberryhill]

7. Cayman is not B.V.I.

The Cayman Islands, consisting of Grand Cayman, Cayman Brac and Little Cayman, is an autonomous overseas territory of the UK, in what can be generally called the British West Indies.

The British Virgin Islands is a separate jurisdiction consisting of different islands entirely.

While you will sometimes see "B.W.I." with Cayman, they are not the British Virgin Islands by a long stretch.

[ThoughtCriminal]

8. The magic

of money laundering bribes - oops - I mean 1st Amendment protected undisclosed speech/cash.

[starroute]

9. The returns on his investment don't seem to be the shady part

I've followed a few other threads on this and googled on it myself. As nearly as I can tell, he got a sweet opportunity through a former college roommate to become an initial investor in a company started by some very brilliant and enterprising people in Jamaica.

There's nothing illegal about that -- though it does go to show what sort of privileges accrue to the already privileged. But it's what happened afterwards that looks a bit strange -- how the investment could turn into a promissory note (do I have that right?) that he could then leave sitting for years and forget all about.

[elehhhhna]

13. "sweet opportunity" means "bribe" and or "money laundering"

and I stand corrected, BVI's are different island tax havens, sorry Caymans!!!

[starroute]

14. Not necessarily, I don't think

The members of the ruling class do favors for one another all the time. It comes as naturally to them as breathing. I don't believe they even think of it as bribes. Bribes are something you use to control hirelings. Favors are things you exchange with equals.

I don't think enough attention has been paid to Cruz's snobbism -- his refusal to study with anybody who hadn't done their undergraduate work at Harvard, Yale, or Princeton. There's a real stream of old-fashioned aristocratic entitlement there. Perhaps he comes by it naturally through his Cuban background. But whatever it is, it isn't just his personal narcissism. It's part of the circles in which he travels. In his own mind, he's part of the nobility, and the rest of us are peons.

[Mc Mike]

10. Reminds me of l'il bush and his Arbusto, Spectrum 7, and Harken investments. nt.

[Spitfire of ATJ]

11. The myth of the "Tea Party average Joe" is a joke. They're all rich.

[gopiscrap]

12. Crooked mother fucker

[flamingdem]

15. Caribbean Cruz'in

Teaparty Style ..

[Hippo_Tron]

16. Shit, I'll totally vote for Ted if he lets me in on this investment

With those kinds of returns I wouldn't have to contribute a dollar more to my retirement, and I'm in my 20's.

[City Lights]

17. The Cayman Islands are not part of the British Virgin Islands.

Their attempt at sugar coating this is a big 'ol cup of FAIL.

[daybranch]

18. ain't it amazing?

Congressman are so much better at investing than the rest of us? Think he gets a little help and maybe it is a self fufilling prophesy. Have you ever looked at the insider trading of Congressmen or how they can influence contracts to help their investments-- just sayin??

[Diego_Native 2012]

19. Let me get this straight...

...in 1998 he "invests" $6,000 and three years later takes a $25,000 cash payment and a $75,000 promissory note on a company that apparently hasn't done any business since 2001?

I would love for a forensic accountant to take a look at that business arrangement. If it ain't illegal, they may have just solved every debt crisis in the world.

[groundloop]

20. Is this the same guy that said Cruz was a smelly, terrible roommate?

http://nymag.com/daily/intelligencer/2013/10/ted-cruz-was-a-smelly-terrible-roommate.html

[malaise]

21. No n/t

[Berlum]

22. "You American Proles can just eat shit and die." - Teh annoinTED Un (R - Chosen)

"Frankly, me and my RepubliBagger Cronies don't give a shit what you peeONS think. We are RepubliCons, and thus we are special. We are entitled to make a fat freaking killing with some fast-action Money-Bucks shit going down in the Scammer ISLANDS. So you American proles can just STFU, eat shit, and die. In a Blessed WAY, of course."

- Teh annoinTED Un (R - Chosen)