Perhaps it’s hyperbole to call 2009 the year of the scandal, but not by much. As noted already, the year started off explosively.
Nearly a month to the day after President-elect Obama had nominated him as Commerce Secretary, Gov. Bill Richardson announced he was withdrawing his name from consideration, citing a federal corruption investigation.
The inquiry looked deeply into how Richardson’s administration had dealt with a California-based firm that won state contracts after principals gave more than $100,000 in contributions to two political action committees founded by Richardson.
That inquiry ended this August with no criminal charges, but it didn’t result in a clear victory that Richardson and his supporters had hoped. That became apparent when acting U.S. Attorney Greg Fouratt sent a letter to defense attorneys informing them that the lack of criminal charges should not be interpreted as an exoneration of anyone involved.
Continue with: Investments and Investigations