We already knew that federal investigators had subpoenaed the State Investment Council (SIC) for documents related to its investment deals. Now we learn from the New Mexico Independent that the Educational Retirement Board (ERB) has also received a subpoena.
An attorney for the ERB, Chris Schatzman, “would not discuss the contents or subject matter of the subpoena, other than to say that the agency received it last week,” the Friday NMI article states.
This is a widening scandal that began in New York and has expanded to some 30 other states — most prominently New Mexico — and the subpoenas indicate it may expand further in the Land of Enchantment. Citing the state’s Inspection of Public Records Act, I’ve requested copies of the subpoenas received by the SIC and ERB. I’ll let you know how the agencies respond.