News
Investment Scandal Far From Over
www.abqjournal.com
[Albuquerque Journal (subscription)] - Richardson appointees Gary Bland, the former state investment officer, and Bruce Malott, the former chairman of the Educational Retirement Board, are both defendants and plaintiffs. Their lawsuits allege they were wrongly caught up in the scandal.
Google News: NM's State Investment Council puts advisor on notice
[New Mexico Watchdog] - Here are Martin and Rawson: Back in 2004, the SIC — which was then headed by Gary Bland, who is now the target of a lawsuit by the new SIC alleging that Bland and others in the Richardson administration received kickbacks and took part in “pay to play
Google News: The redacted (deleted) sections from the SIC 108-Page Backgrounder.
[New Mexico Watchdog] - According to the backgrounder, in 2006, “following a dispute with chief investment officer, Gary Bland, Fort Washington was terminated as the New Mexico private equity advisor.” Back in 2005, Earthstone's problems attracted attention.
Google News: State Investment Council X-Ray results are in. Are you sitting down?
[New Mexico Watchdog] - Mysteriously, according to the backgrounder, “for reasons only known to former SIC chief investment officer, Gary Bland, and or Ms. Gallegos, the decision was made to go ahead and invest in Earthstone.” The husband-wife founders of Earthstone
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