Time for the state to defend itself

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?

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

SEC: Riordan violated antifraud rules

The U.S. Securities and Exchange Commission has ruled that Guy Riordan, a former poltiical ally of Gov. Bill Richardson, engaged in fraudlent conduct over seven years in his dealings with the state, and has permanently banned Riordan from trading and ordered him to pay almost $1.5 million in penalties. Continue Reading

Vigil-Giron to be laid off in January

After being indicted in August on 50 counts related to public corruption, former Secretary of State Rebecca Vigil-Giron was allowed to keep her job with the state Department of Workforce Solutions. Now, she’s learned she will be laid of Jan. 8 along with dozens of other political appointees. Continue Reading