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.
Third-party marketers, until recently, were obscure figures in the investment world who acted as matchmakers between private equity and hedge funds and states looking for a good return on their money. But now as a scandal that originated in New York has spread to New Mexico, those players and what they were paid have come under increasing public scrutiny.
Marc Correra, the son of a Richardson confidant, made more than $3 million – and possibly more – for his company on a half-dozen investment deals for the Educational Retirement Board (ERB), state documents released on Tuesday show. The five-page document released by the ERB also suggests that Correra earned an additional $2 million on a controversial deal that cost the state $90 million in losses.
Gov. Bill Richardson on Thursday banned controversial finders’ fees through executive order.
On Friday, he said he’d consider legislation to immortalize the ban in state statute. “I’ll consider that,” Richardson said Friday at the College of Santa Fe.
Two high-profile defendants are asking a federal judge to dismiss a whistleblower lawsuit that alleges a pay-to-play scheme that rewarded campaign contributors of Gov. Bill Richardson with state work or investments, the Associated Press reports.
Officials announced Thursday that…
Frank Foy’s lawsuit alleging a pay-to-play scheme is an attempt to benefit from the “near collapse” of global financial markets and the resulting “devastation” to some of New Mexico’s investments, says one of the suit’s primary…
Pauline Turner, who Frank Foy’s attorneys describe as ‘a key witness’ in Foy’s pay-to-play case against the state, says the New Mexico Educational Retirement Board made hasty and risky investment decisions that weren’t understood by some board members. Malott is the embattled ERB chairman.
A lawsuit filed by a former state investment officer has been moved to federal court. And already there are fireworks.
Frank Foy, a former chief investment officer at the state Education Retirement Board, has alleged in a 26-page…
Former state investment officer Frank Foy has filed a complaint to require the State Investment Council to turn over its records, according to his attorney.
Foy and attorney Victor Marshall filed the complaint today. Click here (pdf) to…
New Mexico Democratic Party of New Mexico Chairman Brian Colón spoke to me on Insight New Mexico, a weekly radio show during the legislative session on AM 1350, Albuquerque’s Air America affiliate.
And one issue that came up was Gov.…
Former state investment officer Frank Foy has filed a complaint to require the Education Retirement Board to turn over its records, his attorney said Friday morning.
Foy and his attorney, Victor Marshall, filed the complaint on Thursday. Click here…
In this midst of this media circus, it’s important that the public and media remember that, while Frank Foy’s allegations of pay-to-play in the Richardson administration might be true, this is a civil lawsuit, which is much different than the federal, criminal grand jury investigation into the other pay-to-play controversy dogging Richardson. While the first is serious, there’s much more at stake in the second.
State records show that Bruce Malott’s auditing firm has won nearly $7.8 million in public auditing contracts since Bill Richardson became governor, compared to $274,000 in the five years prior. Long before Malott won high-level appointments from the governor, he also served as his campaign treasurer.
Dave Contarino says an allegation that he ordered other officials to make state investments in exchange for a little more than $15,000 in contributions to Gov. Bill Richardson’s 2008 presidential campaign is “a flat out lie.”
A former state investment officer on Tuesday named David Contarino as the state government official who exerted pressure to award contracts and make investments that would reward political campaign contributors of Gov. Bill Richardson.
A former state investment officer who has alleged a pay-to-play scheme at two state agencies has subpoenaed records for a foundation linked to Gov. Bill Richardson.
Frank Foy, a former chief investment officer at the Education Retirement Board, previously filed…
The very law Richardson said would help fight corruption when he signed it in 2007 was used to file a lawsuit on behalf of the state alleging that schoolteachers and taxpayers lost $90 million in investment deals made in exchange for contributions to Richardson’s presidential campaign.
A former investment officer at a state board came forward Wednesday to allege that he had been pressured to award contracts and make investments that would reward political campaign contributors of Gov. Bill Richardson.
A former investment officer at a state authority alleged today that he had been pressured to award contracts and make investments based on “political considerations,” including political contributions, and that the pressure came from appointees of Gov. Bill Richardson.
Frank…
