Denish Campaign: Averting the Malott Scandal?

Bruce Malott

From the New Mexico Independent - The fall from grace of another Richardson insider hijacked center stage of the New Mexico governor’s race Thursday. The campaigns of Democratic Lt. Gov. Diane Denish and Republican Susana Martinez found themselves trading accusations over the abrupt resignation of Bruce Malott as chairman of the Educational Retirement Board (ERB). Malott admitted to borrowing $350,000 from the father of a man who had shared in $22 million in so-called third-party marketing fees, the Albuquerque Journal reported Thursday.
The fees are part of an ongoing federal criminal investigation and came from dozens of investment deals involving the State Investment Council and the ERB, which Malott helped to oversee as chairman. “It is clear that the culture of corruption is deeply rooted in the Richardson/Denish Administration and we are finding more conflicts and wrongdoing every day,” Martinez’s campaign manager, Ryan Cangliosi, said. Read more here:

Denish Campaign: Averting the Malott Scandal?