Personal Loan Lender Ltd.
Republican presidential candidate Ted Cruz failed to disclose on federal fundraising reports that he relied on $1m 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 senator’s 2016 campaign spokeswoman, Catherine Frazier, called the failure to report those loans on fundraising documents, as required, a “mistake”. She said on Wednesday that the campaign is seeking guidance from federal regulators on how to update the old reports.
On Thursday she added: “As Senator Cruz has said before, he used his personal savings to help fund his Senate campaign - it has been widely reported in the past. He did so by liquidating his savings, selling stocks and borrowing against an equity account.