Ex-Investment Boss Countersues SIC

Gary Bland

KOB - SANTA FE – SANTA FE, N.M. (AP) - Former State Investment Officer Gary Bland is fighting back against allegations of corruption and he's suing his accusers for more than $1 million in damages. Bland is seeking damages against his former employer, the State Investment Council, as well as council chairwoman Gov. Susana Martinez, Attorney General Gary King and a former pension fund officer who brought whistleblower lawsuits alleging a pay-to-play scheme influenced investments. The Investment Council sued Bland and others last year alleging he and a financial advisory firm steered investments to political supporters of former Gov. Bill Richardson. Bland says the allegations are false and politically motivated. He told The Associated Press he will vigorously fight back because the lawsuits have destroyed his reputation. Bland resigned as investment officer in 2009. Read More News New Mexico

Ex-Investment Boss Countersues SIC