“The Governor’s Office is not aware of any activity outlined by the Attorney General of New York,” said spokesman Gilbert Gallegos about Saul Meyer’s guilty plea.
“As we have previously explained, Governor Richardson never spoke with Marc Correra about any state investments, and the Governor never had any personal contact with Saul Meyer.”
Meyer’s firm, Aldus Equity, was the state’s investment adviser for five years until earlier this year, when the State Investment Council and Educational Retirement Board quit using the firm.
A press release announcing Meyer’s guilty plea Tuesday in New York included this statement:
“In addition, from 2004 through February 2009, Aldus acted as an adviser to the New Mexico State Investment Council (“SIC”) and the New Mexico Educational Retirement Board (“ERB”) in the State of New Mexico. Meyer admitted that on numerous occasions, contrary to his fiduciary duty to SIC and ERB, he ensured that Aldus recommended proposed investments that were pushed on him by politically-connected individuals in New Mexico, knowing that these politically-connected individuals or their associates stood to benefit financially or politically from the investments and that the investments were not necessarily in the best economic interest of New Mexico.”