THEBLACKBOOK AUDIT
Investigation · The Israeli Influence Hub

The senator, the podcast, and the foreign government’s ad money

A radio giant can’t legally pay Ted Cruz for his show’s ad revenue — so it donates the money to a super PAC devoted to re-electing him. Now the Israeli government is buying undisclosed ads on that same show.

The money structure is a matter of FEC record: iHeartMedia has routed at least $1.74 million of the podcast’s revenue to the pro-Cruz Truth and Courage PAC since 2023. What critics allege on top of that — that a foreign government is now indirectly helping fund a U.S. senator’s political operation — is a serious charge that the FEC has already declined to act on. We separate the two, and grade each for what it is.

§1 · Summary Brief

What this page is about

iHeartMedia has syndicated Verdict with Ted Cruz since 2022. Because lobbying-related rules bar the company from paying the sitting senator for the show’s ad revenue, it instead agreed — under an unusual licensing deal — to donate revenue “associated with the show’s advertising sales” to the Truth and Courage PAC, a super PAC dedicated to re-electing Cruz. Per FEC filings, iHeart has given at least $1,738,000 of “digital revenue” to that PAC since 2023. That pipeline is documented fact.

The new wrinkle: the Israeli government’s Ministry of Tourism is running ads on the same podcast — part of a $7 million “I am Israel” campaign launched in June 2026 to draw Christian tourists — and the ads do not disclose that “Visit Israel” is an arm of a foreign government. That raises the question critics have pressed: is a foreign state now indirectly feeding a fund devoted to a U.S. senator’s re-election? We lay out the machinery and grade the charge honestly, including the fact that the FEC has already looked and declined to act.

What we are NOT saying
We are not asserting that Israeli ad dollars have in fact reached the pro-Cruz PAC — the “I am Israel” campaign launched in June 2026, iHeart’s last disclosed donation to the PAC was in May, and the PAC does not have to reveal further receipts until the end of the third quarter. We are not asserting Cruz broke the law: the FEC dismissed a watchdog complaint in February 2025, finding no indication that Cruz solicited, directed, received, or spent the funds iHeart paid the PAC. And we are not making a claim about Israelis or Jewish people — the subject is one specific, documented financing arrangement and one foreign government’s ad buy. The money structure is FACT; the “foreign funding” characterization is an attributed argument we grade SOME SMOKE.
Recommended reading

Books that go deeper on this story. Links are Amazon affiliate searches — buying through them supports the work at no cost to you.

▶ Dossier

The same investigation, restaged one beat at a time. Step through it here, or present it fullscreen.

Israeli Influence

The senator, the podcast, and the foreign ad money.

iHeart can't legally pay Ted Cruz for his show's ad revenue, so it donates the money to a super PAC devoted to re-electing him — and now the Israeli government is buying undisclosed ads on that same show.

1 / 9▶ Present fullscreen
§2 · The Record

The pipeline, the ads, the ruling, and the charge

The first three entries are documented FACT — the financing structure, the foreign ad buy, and the FEC’s own dismissal. The fourth is the argument they invite, graded SOME SMOKE and attributed to the critics who make it.

iHeartMedia can't pay Cruz for the show's ad revenue — so it donates the money to a super PAC dedicated to re-electing him.

FACT

iHeartMedia has syndicated ‘Verdict with Ted Cruz’ since 2022. Barred by lobbying-related restrictions from paying the sitting senator for advertising revenue, the company agreed under a licensing deal to donate revenue ‘associated with the show’s advertising sales’ to the Truth and Courage PAC — a super PAC whose stated purpose is ‘ensuring that Ted Cruz is re-elected to the United States Senate.’ According to FEC filings for the PAC (committee C00796045), iHeart has given at least $1,738,000 of ‘digital revenue’ since 2023. Forbes first flagged the arrangement in March 2024, when the figure was $215,000.

The Israeli government is buying undisclosed ads on that same show.

FACT

The Israeli Ministry of Tourism is running ads on Verdict as part of a $7 million ‘I am Israel’ campaign launched in June 2026 to draw American Christian tourists to biblical sites. Co-host Ben Ferguson voices the spots — ‘Israel isn’t a destination; it’s a revelation’ — and directs listeners to follow ‘Visit Israel’ accounts. The ads do not disclose that Visit Israel is a public-facing entity of the Israeli tourism ministry, i.e. of a foreign government. The campaign is documented by JNS and by the ministry’s own procurement records.

Israel isn't a destination; it's a revelation… This is the trip that changes not just how you see the Holy Land, but how you see everything.

The FEC already looked at the iHeart pipeline — and dismissed the complaint.

FACT

Watchdog groups filed an FEC complaint alleging Cruz ‘brazenly violated’ the ban on candidates receiving corporate donations. Though Cruz admitted meeting iHeart representatives to discuss acquiring the show, the commission ruled in his favor in February 2025, finding ‘no available information to indicate that Cruz solicited, directed, received, transferred, or spent the funds iHeart paid to the PAC,’ and that his role ‘was limited to hosting the Podcast.’ Including this is the point: whatever one thinks of the structure, the agency charged with enforcing the law found no violation. This cuts against a ‘Cruz took the money’ framing.

The charge: a foreign government exploiting a Citizens United loophole to help fund a senator — real concern, unproven conclusion.

SOME SMOKE

Here is the argument, labeled as argument. Craig Holman, an ethics lobbyist at Public Citizen, says Cruz would only break the law if Israel explicitly earmarked its ad spending for the PAC; absent a formal agreement, the money is iHeart’s to do with as it pleases. He blames Citizens United for the ‘court-created loophole’ that lets ‘wealthy interests and even foreign governments launder money to outside groups… to support a specific candidate,’ and says ‘Israel is exploiting’ it. That is a coherent, on-record concern about the mechanism. But it stops short of proof: there is no evidence the specific ‘I am Israel’ dollars have reached the PAC, the campaign post-dates iHeart’s last disclosed donation, and the FEC found no violation. We grade the structural worry as SOME SMOKE — a documented pipeline plus a foreign ad buy is a real thread — while stating clearly that the ‘foreign-funded senator’ conclusion is not established.

§3 · Why It Matters

The loophole is the story, not the man

The point of this page is not that Ted Cruz committed a crime — the FEC says he didn’t, and we take that seriously. The point is that the ordinary machinery of post- Citizens United campaign finance now makes a genuinely troubling arrangement perfectly legal: a corporation routes a lawmaker’s show revenue into a fund for his re-election, and a foreign government can pour money into that same revenue stream through undisclosed ads — all without anyone having to prove, or even disclose, that the dollars connect. Whether or not the “I am Israel” money ever touches the PAC, the system is built so that we may never know. That is the accountability gap the Israeli influence hub tracks: not a secret cabal, but a set of legal seams that let money and pressure move where disclosure law can’t follow.

§4 · FAQ

Questions worth taking seriously

So did Israel fund Ted Cruz's campaign?

Not that anyone can prove. The documented facts are that iHeart routes the show’s ad revenue to a pro-Cruz super PAC ($1.738M+ since 2023) and that Israel’s tourism ministry is now buying undisclosed ads on the show. Whether Israeli ad dollars specifically flow into that PAC is unproven — the campaign launched after iHeart’s last disclosed donation, and the PAC hasn’t had to report since. The FEC also dismissed a complaint over the underlying iHeart arrangement. We grade the money structure as fact and the “foreign-funded senator” conclusion as an unproven, attributed charge.

Isn't this just an anti-Israel or anti-Cruz smear?

No. Every load-bearing fact here comes from the FEC’s own filings, mainstream reporting (Forbes, Texas Tribune, JNS), and the Israeli government’s own materials. We state plainly that the FEC cleared Cruz and that the foreign-funding conclusion is unproven. The story is a disclosure loophole created by Citizens United — we’d cover any lawmaker whose show revenue was routed to his own super PAC while a foreign government advertised on it.

§5 · Standing Invitation

If you are named on this page

If you are named on this page, or are a party materially affected by the claims made here, and you wish to respond, correct the record, or add context, use the Contact page. Responses are published verbatim alongside the original claim, with the sender identified and the date of receipt. The channel stays open for the life of the page.

This site aggregates and grades a record that other outlets and primary sources have already put on the record. Every FACT-graded claim above is sourced to court filings, government reports, sworn whistleblower disclosures, published investigative journalism, or named-source statements. The citations are the accountability mechanism; this section is how you get on the record too.

§6 · Sources

The record

▦ Ledger gaps

Help us fill these lines.

This entry is graded on what’s on the public record. These are the blanks we know about. If you can source one, you’re rebuilding the ledger with us.

  • OpenWhether any 'I am Israel' ad revenue is ever disclosed as flowing to the Truth and Courage PAC (next PAC reporting due end of Q3).Help fill this →
  • OpenThe full terms of the iHeart licensing deal and how 'advertising sales' revenue is calculated and routed to the PAC.Help fill this →
  • OpenWhether other lawmakers with syndicated shows have comparable revenue-to-PAC arrangements.Help fill this →

Notify me when a gap is filled

We'll email you when we fill one of the gaps above.

By signing up you agree to receive emails from The Black Book Audit. Unsubscribe anytime.