KOAT-TV.com - By Devon Armijo - ALBUQUERQUE, N.M. —The SEC announced Wednesday that former New Mexico Gov. Toney Anaya faced charges in connection to a fraud scheme.
The charges allege that Anaya, along with three others, hid the fact that two lawbreakers ran their company Natural Blue Resources Inc. The company aimed to invest in environmentally friendly companies.
The two people in question are James Cohen and Joseph Corazzi. Cohen was previously incarcerated for financial fraud, and Corazzi was charged with violating federal securities laws.
Anaya and executive Erik Perry agreed to the settle the charges with the SEC. The SEC said Anaya cooperated extensively with the investigation.
Anaya signed a cease-and-desist order, which means he doesn't admit or deny the charges. He's barred from participating in any offering of a penny stock for five years. He may also face additional financial penalties.
Anaya served as New Mexico's governor from 1983 to 1987. More