“Ted Cruz Failed to Report a Second Campaign Loan in 2012”


he Republican presidential candidate Ted Cruz, already facing scrutiny for not disclosing a Goldman Sachs loan he used for his 2012 Senate campaign, also failed to disclose a second loan, from Citibank, for the same race, according to a letter he sent Thursday to federal election officials.

The one-page letter said that the “underlying source” of money for a series of personal loans Mr. Cruz made to his Senate campaign in Texas included both bank loans, which totaled as much as $1 million. Both loans were “inadvertently omitted” from the required filings, the letter said. Previously, Mr. Cruz has only acknowledged using the loan from Goldman for his campaign.

The latest disclosure casts further doubt on his oft-stated story of having liquidated his entire family savings of slightly more than $1 million to fuel a come-from-behind win in the Republican primary. The tale has become part of a campaign narrative of a populist, scrappy Mr. Cruz putting everything on the line to overcome a wealthy establishment opponent.


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