I am writing today to announce the closure of the New Mexico Independent. After three and a half years of operation in New Mexico, the board of the American Independent News Network, has decided to shift publication of its news…
While environmental activists played their part yesterday during demonstrations at the capitol building, going so far as to dress up as solar panels and to sing the tune of “You Are My Sunshine,” their counterparts, the anti-cap-and-trade contingency who has…
Roughly one quarter of University of New Mexico students are unimpressed with the state’s flagship public school, according to a survey that questioned college students about their higher education experiences.
The New Mexico Educational Retirement Board (ERB) has sued Aldus Equity, the state’s former investment adviser, the Albuquerque Journal is reporting.
The agency filed two suits this week against Aldus and other defendants in the Santa Fe state…
Attorney General Gary King wants a law requiring all public officials to disclose the loans they’ve taken out after the recent scandal involving the chairman of the Educational Retirement Board (ERB) and a big loan he received from…
Since June, Martinez has attempted to tie Denish in the public’s mind to Richardson and his administration’s numerous scandals, from pay-to-play allegations, federal criminal inquiries and charges of cronyism. The question is, with two months to go before the November election, does another headline-grabbing scandal strengthen the Martinez campaign’s efforts?
Bruce Malott, chairman of the Educational Retirement Board (ERB), abruptly resigned his post Wednesday after media inquiries from the Albuquerque Journal about a loan he received from the father of a man who received $22 million in so-called third-party…
The State Investment Council hired the law firm of Day Pitney Tuesday to help it try to recover taxpayer money lost due to questionable deals made in recent years, the Associated Press is reporting. The firm will be paid a…
A prominent fundraiser for high-profile Democrats played a bigger role than previously thought in helping his company land a 2007 deal to manage New Mexico investments, the Albuquerque Journal reported today.
The revelation comes thanks to a court memo…
The Educational Retirement Board plans to sue Aldus Equity Partners, the Dallas firm that advised both the ERB and another state investment agency until last year when its founder was indicted and eventually pleaded guilty to securities fraud in…
After months in the hot seat, including being the focus of two federal probes, the State Investment Council decided Tuesday to go after tens of millions of taxpayer dollars lost to potential fraud. A request for proposals (RFP) will be sent out next month with the goal of hiring a firm by mid-September to lead the agency’s effort to recover lost taxpayer money, State Investment Officer Steven Moise said Tuesday.
A current member of the State Investment Council joined two outgoing members Tuesday to accuse Attorney General Gary King of not doing enough recover public money lost to failed or possibly fraudulent investments. King responded by accusing the SIC of trying to shift the “spotlight” from itself and its past investment mistakes.
Whistleblower Frank Foy plans to go to court to try and stop the state from defending a former State Investment Officer and at least one public official, his attorney said Tuesday.
“We’re waiting to get hearings,” Victor Marshall said,…
Attorney General Gary King would get extra muscle to go after taxpayer money lost to fraud under a state budget the Legislature passed last week. The budget earmarks $150,000 for King to hire a full-time attorney to focus on court complaints filed by citizens who believe that the state has been defrauded, resulting in the loss of taxpayer money. A full-time attorney dedicated to so-called qui tam lawsuits could represent a financial boon to the state.
The state Legislature on Thursday morning passed a bill that would reform the State Investment Council. The Governor has said he will sign the bill.
A bill that would require the Educational Retirement Board to publicly disclose the pension amounts for each of its 30,000 members passed the Senate Tuesday night and will now go to the governor for his signature.
A special prosecutor hired by the New Mexico Attorney General would investigate and recover any money lost from state investment funds due to fraud under legislation that unanimously passed the Senate floor Tuesday afternoon. “I believe personally that we…
A bill that would require the Educational Retirement Board to publicly disclose the pension amounts for each of its 30,000 members passed its first Senate Committee on Friday. As The Independent reported in December, a state law…
A bill that would require the Educational Retirement Board to publicly disclose the pension amounts for each of its 30,000 members passed the House unanimously. As The Independent reported in December, a state law passed last year…
A bill that would require the Educational Retirement Board to publicly disclose the pension amounts for each of its 30,000 members cleared its first House committee Thursday. As The Independent reported in December, a state law
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A bill before the Legislature would focus more eyes on State Investment Council’s (SIC) cash register at a time the state agency already has attracted plenty of federal eyeballs.
Changes envisioned in the legislation include a lessening of the governor’s authority over the State Investment Council and a reduction in the portfolio of the agency’s top staff member — the State Investment Officer.
Since June 2009, a San Francisco law firm has racked up $3.5 million in attorneys’ fees for advising and cataloging documents for a state agency at the center of two federal probes, state lawmakers learned Monday.
The cost outraged some…
New Mexico state lawmakers wanted to know Thursday why thousands of documents requested by whistleblower Frank Foy and his attorney haven’t been turned over by two agencies he says engaged in corrupt investment practices.
