The New York Times revealed Tuesday that Republican presidential candidate Ted Cruz did not disclose a loan of $500,000 from Goldman Sachs that he used on for his 2012 U.S. Senate campaign.
There is no evidence of any wrongdoing in receiving the loan, such as a special rate, but it does not appear in the campaign’s finance reports as required, the Times reports.
The Texas senator has criticized big Wall Street banks like Goldman Sachs. “Like many other players on Wall Street and big business, they seek out and get special favors from government,” Cruz told the Times earlier this year.
But Cruz’s wife, Heidi, is a managing director at the firm. She is currently on leave during her husband’s presidential campaign.
Heidi Cruz, 42, works at the investment banking firm’s Houston office, according to her LinkedIn profile.
Managing director is the firm’s second-highest rank, according to Bloomberg. She works as the regional head of Goldman’s Houston office in the private wealth-management division, which serves accounts with larger than $40 million with the firm. She was promoted to that position in 2013 after working as a vice president for seven years.
Senator Cruz met Heidi Nelson while they were both working as political advisers on George W. Bush’s presidential campaign in 2000. They married in May 2001.
Heidi Cruz worked in Bush’s White House after he was elected, working as director for the Western Hemisphere at the National Security Council from 2003 to 2004, before joining Goldman Sachs in 2005.
Ted Cruz told Bloomberg Politics, “I am unabashedly proud of everything about Heidi.”
He acknowledged that he does not mention her connection to Goldman Sachs, but said he has talked about her “incredibly successful business career.”
Read more about Heidi Cruz at the link below:
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