Loading ...Ted Cruz didn’t tell election officials about bank loans during 2012 Senate race
WASHINGTON—Texas Sen. Ted Cruz didn’t disclose to election officials a pair of loans he took from Wall Street banks when he first ran for the Senate in 2012, an omission that could violate campaign rules.
Cruz, a Republican, helped pay for his 2012 election campaign in part by taking out personal loans from Citigroup Inc. and Goldman Sachs Group Inc. that were eventually worth a total of between $500,001 and $1 million, according to financial disclosure forms that he filed with the Senate. Mr. Cruz’s wife, Heidi, worked for Goldman Sachs at the time. There is no indication that his wife was involved with the loan.
Cruz disclosed those loans to Senate officials as required by congressional rules but didn’t tell federal election authorities about the loans, as required by election rules.
The omission was first reported by the New York Times on Wednesday.