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You are here News Politics Cruz did not disclose Goldman Sachs loan during 2012 Senate campaign: report

Cruz did not disclose Goldman Sachs loan during 2012 Senate campaign: report

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Ted CruzSen. Ted Cruz (R-Texas) did not disclose a loan from Goldman Sachs to his 2012 Senate campaign, the New York Times reported Wednesday evening.

Cruz and his wife Heidi, who works at Goldman Sachs, reported putting $1 million of “personal funds” into his campaign.

The Tea Party darling told the Times at the time it was “all we had saved.”

But a review of financial disclosures that the senator filed later showed that the Cruzes got low-interest loans from Goldman Sachs and Citibank maxing at $1 million, which were paid down later in 2012.

The loans did not appear in Federal Election Commission paperwork the campaign filed during the race.

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