The Plot Thickens

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November 19, 2009 6:11 a.m.

Accused Ponzi schemer Hassan Nemazee, the big Democratic donor, is part-owner of an investment firm that manages money for a New Mexico state agency. And, yeah, the firm got the state contract after Nemazee and an associate contributed to Gov. Bill Richardon’s campaign fund.

So this seems to bring together two separate muckraker stories: Nemazee’s alleged multi-hundred-million-dollar-fraud and whether you had to pay to play to get state money management contracts in New Mexico, which involved many of the same players involved in the pay-to-play scandal in New York state pension funds.

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