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.
Doug Brown, who stepped in as state treasurer after the resignation of Robert Vigil in 2005, has been tapped to head the search for a new State Investment Officer, Gov. Bill Richardson’s office announced today.
The search for a new…
Former State Investment Officer Gary Bland’s Wednesday resignation came after a private law firm hired by the State Investment Council (SIC) found that he had “pressured investment firms doing business with the state to hire certain third-party marketing or…
The state’s top investment officer has resigned amid a pay-to-play scandal that’s the subject of federal and state criminal investigations. Gary Bland resigned Wednesday in a letter to Gov. Bill Richardson.
An investment scandal that’s been plaguing New Mexico heated up last week when the state’s former investment adviser pleaded guilty to securities fraud in New York, admitting that he recommended deals that were not in the best interest of…
The Wall Street Journal picked up on New Mexico’s money woes today with a story that hit on the state’s budget crisis and the investment scandals that have plagued Gov. Bill Richardson’s term. The gist of it: State legislators…
“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.
Saul Meyer admitted Tuesday to pushing certain deals to New Mexico’s two investment agencies as the state’s investment adviser because politically connected individuals here recommended them. He didn’t name names. But the guilty plea thrust another scandal onto the front burner in New Mexico, just after Gov. Bill Richardson and former staff members escaped criminal charges but not a cloud of suspicion.
Buried in Andrew Cuomo’s press release about Saul Meyer’s guilty plea to a felony is this blockbuster paragraph:
“In addition, from 2004 through February 2009, Aldus acted as an adviser to the New Mexico State Investment Council (“SIC”) and the
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Frank Foy on Tuesday added a Texas-based firm that caused New Mexico teachers’ pension funds to be indirectly invested in what some are calling one of the largest Ponzi schemes in history.
The New Mexico Educational Retirement Board has received two grand jury subpoenas, the agency acknowledged Friday. The acknowledgment came in a letter in which the agency denied a request by the Independent to get a copy of any subpoena sent to the agency by the U.S. Attorney’s office.
Connecticut on Monday fired Aldus Equity Partners, according to that state’s treasurer who was quoted in the New York Times.
It was another bit of bad news for the Dallas-based Aldus, coming only a few days after Gov.…
A founder of Aldus Equity who was charged with a felony in New York on Thursday faces allegations that, in exchange for increased business in that state, he helped the son of the New York state comptroller…
