Correra bribed adviser, Malott alleges
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There’s a new bribery allegation related to the investment scandal that rocked the administration of former Gov. Bill Richardson. Continue Reading
Correras ‘run the governor,’ adviser claimed about Richardson
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“To think that Anthony (Correra) and Marc (Correra) don’t have a stranglehold over this thing is crazy. Because the governor runs this sh*t and they run the governor.” That’s what New Mexico’s investment adviser, Saul Meyer, said to his company’s partners in 2006 when talking about how things work in New Mexico. Continue Reading
Grand jury investigating Richardson meets Tuesday
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A federal grand jury is scheduled to meet next week as part of its ongoing investigation into an accusation that former Gov. Bill Richardson had supporters pay off a woman to keep quiet about their alleged extramarital affair. Continue Reading
King to talk Friday about corruption cases
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Attorney General Gary King has invited members of the media to attend a Friday news conference at which he plans to talk about corruption cases. Continue Reading
Paper: AG playing politics, should consider resigning
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Attorney General Gary King has lately been “dragging his public trust to political depths previously unplumbed” and should consider “recusing himself from office,” The Santa Fe New Mexican says. Continue Reading
Take politics, governor out of State Investment Council
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Last year the Legislature passed landmark reforms of the State Investment Council (SIC) in response to conflicts of interest, legal investigations and governance challenges at the SIC. Now it is time to finish the job of reforming our state’s $15 billion investment funds. Continue Reading
Loan didn’t create a conflict, Malott says
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Former Educational Retirement Board Chairman Bruce Malott takes issue with Republican gubernatorial candidate Susana Martinez’s characterization of the situation that led him to resign as a conflict of interest. Continue Reading
Only bold change will end rampant abuse in state government
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UPDATED: Recent revelations about the chairman of the Educational Retirement Board raise a serious question – how many other members of these powerful boards in the Richardson/Denish administration had direct financial interests in taxpayer-funded deals they considered? Continue Reading
Guv candidates talk about Malott resignation
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News that the chairman of the state’s teacher pension fund resigned after the Albuquerque Journal learned of a controversial loan he had received angered New Mexico’s gubernatorial candidates. Continue Reading
One of two Foy lawsuits tossed out by judge
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One of two lawsuits seeking to recover hundreds of millions of dollars on behalf of taxpayers that was lost in bad investment deals was dismissed by a state district judge on Wednesday, the Albuquerque Journal is reporting. Continue Reading
Richardson named one of nation’s worst governors
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Gov. Bill Richardson is one of the worst governors in the nation, a Washington watchdog group said today, calling him one of 11 governors who “pride their self-interests over their states’.” Continue Reading
NM should take lead on investment reform
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Our state funds, in addition to tax revenue, are the basis for our annual budget and are the $30 billion endowment for our state’s educational services. I hope New Mexico can lead the way in passing comprehensive investment fund reform, the first in reform that will likely follow in other states facing similar crises. Continue Reading
Time for the state to defend itself
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Instead of trying to recover lost money, the State Investment Council has spent huge amounts to respond to subpoenas and pay for employees’ and council members’ attorneys. Why must the state rely on federal investigators and whistleblowers to defend taxpayers? Continue Reading
Is this political corruption or an ethical lapse?
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Big campaign contributions to Bill Richardson and Diane Denish. A $30 million investment from the state. And an investment adviser who has admitted to recommending investments that were pushed on him by politically-connected individuals who stood to benefit. So the question: Has Denish been complicit in corruption? Continue Reading
Corruption, economy are the top stories of 2009
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With the governor spending most of the year dogged by a grand jury investigation and several other cases leading to indictments, public corruption took center stage in New Mexico in 2009. It’s No. 1 on Heath Haussamen’s list of the top 10 political stories of the year. Continue Reading