Bill Richardson Donor Probed By Grand Jury Over Financing Fee
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Bill Richardson, Bill Richardson CDR Financial, Bill Richardson Commerce, CDR Financial, CDR Financial Alabama, CDR Financial New Mexico,
Politics News
bloomberg.com:
A federal grand jury is investigating how a company that advised Jefferson County, Alabama, on bond deals that threaten to cause the biggest municipal bankruptcy in U.S. history, did similar work in New Mexico after making contributions to Governor Bill Richardson's political action committees.
The grand jury in Albuquerque is looking into Beverly Hills, California-based CDR Financial Products Inc., which received almost $1.5 million in fees from the New Mexico Finance Authority in 2004 after donating $100,000 to Richardson's efforts to register Hispanic and American Indian voters and pay for expenses at the Democratic National Convention in 2004, people familiar with the matter said.
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First Posted: 12-15-08 04:12 PM | Updated: 01-15-09 05:12 AM