{"id":33536,"date":"2011-11-02T11:26:52","date_gmt":"2011-11-02T17:26:52","guid":{"rendered":"http:\/\/www.nmpolitics.net\/index\/?p=33536"},"modified":"2011-11-02T11:26:58","modified_gmt":"2011-11-02T17:26:58","slug":"former-erb-chairman-files-new-pay-to-play-lawsuit","status":"publish","type":"post","link":"https:\/\/nmpolitics.net\/index\/2011\/11\/former-erb-chairman-files-new-pay-to-play-lawsuit\/","title":{"rendered":"Former ERB chairman files new pay-to-play lawsuit"},"content":{"rendered":"<div id=\"attachment_17542\"  class=\"wp-caption module image alignright\" style=\"max-width: 120px;\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-17542\" title=\"Malott, Bruce\" src=\"http:\/\/www.nmpolitics.net\/index\/wp-content\/uploads\/2010\/05\/Malott-Bruce.jpg\" alt=\"\" width=\"120\" height=\"160\" \/><\/a><p class=\"wp-caption-text\">Bruce Malott<\/p><\/div>\n<p>The former chairman of New Mexico\u2019s Educational Retirement Board filed a lawsuit on Tuesday seeking damages because of an alleged pay-to-play scheme he says ruined his reputation.<\/p>\n<p>From The Associated Press:<\/p>\n<blockquote><p>\u201cA former New Mexico pension fund official on Tuesday sued financial firms, an ex-state investment officer and dozens of others for damages because of an alleged pay-to-play scheme over pension program investments.<\/p>\n<p>\u201cThe lawsuit by Bruce Malott, former chairman of the state Educational Retirement Board, is the latest in a series of allegations that politically influenced investments generated large fees for supporters and friends of former Democratic Gov. Bill Richardson.<\/p>\n<p>\u201c\u2026 Richardson, who served as governor from 2003 through 2010, has not been named as a defendant in the investment lawsuits, including the one brought by Malott.<\/p>\n<p>\u201c\u2026 Among the defendants is former state investment officer Gary Bland; Anthony Correra, a friend and political supporter of Richardson; and Marc Correra, his son. The younger Correra shared in nearly $22 million in fees as a third-party placement agent for deals involving the educational pension fund and the Investment Council, according to state records.\u201d<\/p><\/blockquote>\n<p>You can read the full article <a href=\"http:\/\/www.santafenewmexican.com\/Local%20News\/Educational-retirement-board-Another-suit-filed-over-pay-to-pla\" target=\"_blank\">here<\/a>, and Malott\u2019s lawsuit <a href=\"http:\/\/nmpolitics.net\/Documents\/MalottRICOComplaint.pdf\" target=\"_blank\">here<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The former chairman of New Mexico\u2019s Educational Retirement Board filed a lawsuit on Tuesday seeking damages because of an alleged pay-to-play scheme he says ruined his reputation.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[112,142,114,107],"class_list":["post-33536","post","type-post","status-publish","format-standard","hentry","category-news-and-analysis","tag-bill-richardson","tag-crime","tag-public-corruption","tag-roundhouse"],"_links":{"self":[{"href":"https:\/\/nmpolitics.net\/index\/wp-json\/wp\/v2\/posts\/33536","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/nmpolitics.net\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nmpolitics.net\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nmpolitics.net\/index\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/nmpolitics.net\/index\/wp-json\/wp\/v2\/comments?post=33536"}],"version-history":[{"count":0,"href":"https:\/\/nmpolitics.net\/index\/wp-json\/wp\/v2\/posts\/33536\/revisions"}],"wp:attachment":[{"href":"https:\/\/nmpolitics.net\/index\/wp-json\/wp\/v2\/media?parent=33536"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nmpolitics.net\/index\/wp-json\/wp\/v2\/categories?post=33536"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nmpolitics.net\/index\/wp-json\/wp\/v2\/tags?post=33536"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}