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.
A spokesman for Gov. Bill Richardson informed NMI earlier today that the governor did not meet with the son of a friend and prominent fundraiser in the months leading up to the state’s decision to invest in a fund…
The Independent sought to view documents from the governor’s office from January through August 2006 that would have divulged with whom he had met in the months prior to the costly investment that benefitted the son of the governor’s friend to the tune of millions of dollars.
This just in. Marc Correra, who shared in more than $15 million in placement fees related to New Mexico investment deals, is out as a partner of a Raton racetrack and casino.
Correra was an investor, but not any…
It’s been widely reported in recent weeks that Gov. Bill Richardson has a very close relationship with Anthony Correra, whose son, Marc Correra, shared in as much as $16 million in finders’ fees for winning investment companies big…
The counsel for the state’s Educational Retirement Board confirmed Friday afternoon that his agency has received a subpoena from the U.S. Attorney’s Office for New Mexico. Schatzman’s confirmation comes a day after it was reported that federal prosecutors had subpoenaed documents from the State Investment Council related to investments.
The U.S. attorney’s office in Albuquerque has subpoenaed documents from the State Investment Council, Bloomberg’s is reporting.
According to the story, the federal prosecutors asked for documents related to investment activities.
A California man who shared in $1.5 million in placement fees in New Mexico investment deals pleaded guilty Wednesday to securities fraud in an ever-expanding New York criminal probe, according to news reports.
It’s unclear if all the third-party marketers involved in the New Mexico’s investment deals were properly registered with a federal government agency, state officials said earlier this week.
But at least one individual who shared in millions…
Angry legislators publicly thrashed the state’s investments officers Tuesday, in particular demanding to know why no one had noticed the millions of dollars in finders’ fees that were paid to a politically connected individual involved in certain state investments.
It seems there’s a scandal popping up every other day in New Mexico. And state Sen. John Arthur Smith, D-Deming, has had enough.
“As an elected official here, I am embarrassed to serve in New Mexico,” Smith told a roomful…
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.
Gov. Bill Richardson agreed Monday to an independent review of the state’s investment practices and policies, including the use of third-party marketers, his office said.
In a 180-degree turnabout, the governor also agreed to talk about changing the makeup of…
The chart released Tuesday by the New Mexico Educational Retirement Board shows in some detail how Marc Correra, the son of a friend of Gov. Bill Richardson, made millions in finders’ fees from investment deals involving the state agency.
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.
Gov. Bill Richardson took the extraordinary step Thursday of banning the use of third-party agents in some state investments, a controversial practice that has burst into the spotlight as names involved in a New York investment scandal have popped up here.
Gov. Bill Richardson on Wednesday instructed State Investment Officer Gary Bland to initiate termination of SIC’s private equity advisor Aldus Equity Partners’ relationship with the state.
The decision comes after the FBI has questioned officials from two…
