UBS

The New Mexico Finance Authority has asked the office of Attorney General Gary King to look into trying to recover millions of dollars lost in a deal at the center of a federal pay-to-play investigation, the authority’s chairman said yesterday.

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.

There’s another fly caught in the web of connections between Richardson’s advisers, fundraisers and the companies doing business with the state. Fred DuVal was working as a consultant for financial services company UBS, trying to win business with the state of New Mexico, while at the same time he was helping to raise funds for [...]