Friday, May 15, 2009

Federal prosecutors want NM financial docs

Looks like there's more bad news for New Mexico on the investment front.

Federal prosecutors have subpoenaed state endowment records, according to a story on

It says in part:

"The New Mexico Investment Council, which includes Governor Bill Richardson, received the request earlier this month, said spokesman Charles Wollman, in a telephone interview. He declined to describe the contents of the subpoena, issued by the U.S. Attorney in Albuquerque. The state’s $6.3 billion teachers pension fund also received a federal subpoena, said general counsel Christopher Schatzman, who declined to describe its contents or to what it pertains."

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