Texas Congressman Ron Paul’s presidential campaign is denying accusations it paid Iowa State Sen. Kent Sorenson to leave his post as Michele Bachmann’s Iowa campaign co-chair. Sorenson resigned from that position and publicly endorsed Ron Paul in Iowa Wednesday.

Sen. Sorenson denies he was ever offered any money from the Paul camp.

In a written statement, Bachmann said “Kent said to me yesterday that ‘Everyone sells out in Iowa. Why shouldn’t I?’ Then he told me he would stay with our campaign. The Ron Paul campaign has to answer for its actions.”

In a statement from the Paul campaign, Bachmann’s Iowa Political Director Wes Enos is quoted defending Sorenson.

“I can say unequivocally that Kent Sorenson’s decision was, in no way financially motivated. His decision had more to do with the fact that the Ron Paul supporters have been something of a family to him since he was first elected in 2008 and, here in the end, as it becomes more and more apparent that the caucus cycle is coming to an end. Kent believed that he needed to be with them as they stand on the cusp of a potential caucus upset. While I personally disagree with Kent’s decision and plan to stay with Michele Bachmann because I truly believe in her. I cannot in good conscious watch a good man like Kent Sorenson be attacked as a sell out.That is simply not the case and it was not the basis of his decision,”

A CNN/Time/ORC Poll shows Paul in second among likely Republican Iowa Caucus goers. Gov. Perry is in fifth place behind Gingrich. Rick Santorum has moved into third place. Mitt Romney is the front-runner with 25 percent support.

The Associated Press contributed to this report.