Sen. Ted Cruz , a leading 2016 presidential candidate, has said that he and his wife, Heidi, liquidated their entire net worth to finance his 2012 Senate campaign, but Senate ethics filings show that their liquid assets actually grew by up to $400,000 that year, reports Mike McIntire at The New York Times.
More intriguingly, the Cruzes obtained about $1 million in low-interest loans early that year from Goldman Sachs, where Heidi Cruz was a managing director, and Citibank, and did not disclose those loans to the Federal Election Commission.
Confronted with the report late Wednesday, Cruz insisted that he had disclosed the margin loans, but "if it was the case that they were not filed exactly as the FEC requires, then we'll amend the filing."