Cruz Failed to Disclose Goldman Loan During Senate Run

Republican presidential candidate Ted Cruz failed to disclose on federal fundraising reports that he relied on $1 million in loans to help finance his 2012 Senate campaign.

The borrowed money included a sum from Goldman Sachs, where his wife, Heidi Cruz, is an employee.

The Texas senator's 2016 campaign spokeswoman Catherine Frazier calls the failure to report those loans on fundraising documents a "mistake" and says the campaign is seeking guidance from federal regulators on how to update the old reports.

Cruz learned he should have disclosed the loans from a New York Times reporter, who published a story on the matter late Wednesday.

The Times described the loans as totaling as much as $1 million from Goldman and Citibank and said they were paid down in late 2012.

Copyright AP - Associated Press
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