New Twist in Pay to Play Lawsuits

Bruce Malott

From capitalreportnewmexico.com -In an odd twist to the allegations of “pay to play” in state government during the Bill Richardson administration, on Tuesday (Nov. 1) Malott, the former chairman of the New Mexico Educational Retirement Board (ERB), filed a civil lawsuit against former State Investment Council (SIC) officer Gary Bland, longtime Richardson supporter Anthony Correra and his son Marc, who shared in an estimated $22 million in placement fees involving the ERB’s pension fund and SIC investments. Malott’s suit also names several financial firms, including Aldus Equity Partners and its co-founder, Saul Meyer, who has already pled guilty in New York state to taking part in financial hanky-panky involving state pension plans. Former Gov. Richardson was not named in the Malott suit filed Tuesday.  More News New Mexico

New Twist in Pay to Play Lawsuits