Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

GRIP Contract Probed (NM-Richardson PAC's probed by FBI)
The Albuquerque Journal ^ | August 29, 2008 | Mike Gallagher And Colleen Heild

Posted on 08/29/2008 1:56:23 PM PDT by CedarDave

The FBI is investigating how a California firm won a state consulting contract worth almost $1 million in connection with the massive GRIP transportation bond program.

Agents have been interviewing people involved in awarding contracts to CDR Financial Products LLC, and are looking at its political contributions to political action committees established by Gov. Bill Richardson.

The $1.6 billion GRIP bond program is one of the biggest in state history and has been used to pay for road improvements and the Rail Runner commuter train. GRIP stands for Governor Richardson's Investment Partnership and was approved by the Legislature during a special session in 2003.

GRIP bonds are administered by the New Mexico Finance Authority, which handled the bids and selected Beverly Hills-based CDR in 2004. The Authority's executive director, William Sisneros, was out of the office this week and unavailable for comment.

~~snip~~

One of the PACs under scrutiny in connection with the contract award is Si Se Puede!, which was formed in 2004 to pay the bills for Richardson and his staff to attend the Democratic National Convention in Boston, where Richardson was convention chairman. The committee raised $191,000 and $130,000 of that came from financial companies involved in the GRIP bonds.

~~snip~~

The other PAC is Moving America Forward, which Richardson formed to register new voters for the 2004 election. It received a $25,000 contribution from David Rubin, the head of CDR.

At the time the contributions were made public, Richardson's office said the companies had won the state bond work through a competitive process and there was nothing wrong with accepting the contributions.

(Excerpt) Read more at abqjournal.com ...


TOPICS: Crime/Corruption; Politics/Elections; US: New Mexico
KEYWORDS: billrichardson; cdrfinancial; corruption; cultureofcorruption; govwatch; grip; railrunner; richardson; transportation
Paraphrasing that great Black orator the wrong Reverend Wright: "The chickeeennnsss are coming home to roost."
1 posted on 08/29/2008 1:56:24 PM PDT by CedarDave
[ Post Reply | Private Reply | View Replies]

To: CedarDave

I heard rumblings. Now we know why Richardson was not the vp pick.


2 posted on 08/29/2008 2:00:34 PM PDT by griswold3 (Al qaeda is guilty of hirabah (war against society) Penalty is death.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: CedarDave

DEMOCRAT CULTURE OF CORRUPTION!!


3 posted on 08/29/2008 2:07:19 PM PDT by penelopesire ("The only CHANGE you will get with the Democrats is the CHANGE left in your pocket")
[ Post Reply | Private Reply | To 1 | View Replies]

To: CedarDave

Feces, meet Fan. NM’s 4 electoral votes: meet McCain-Palin.


4 posted on 08/29/2008 2:23:22 PM PDT by rfp1234 (Phodopus campbelli: household ruler since July 2007.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: CedarDave
The other PAC is Moving America Forward

Note: not to be confused with Melanie Morgan's Pro-Troops, Pro-America "Move America Forward".

5 posted on 08/29/2008 2:25:14 PM PDT by rfp1234 (Phodopus campbelli: household ruler since July 2007.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: CedarDave; LegendHasIt; Rogle; leapfrog0202; Santa Fe_Conservative; DesertDreamer; ...
NM Ping

If you want on or off the NM Ping list, please FReepmail Rogle or me.

Access to the ping list is available to anyone by going to my FR home page.

6 posted on 08/29/2008 2:29:27 PM PDT by greyfoxx39 (GO MCCAIN-PALIN! PRO-LIFE ALL THE WAY!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: greyfoxx39

For the NM PING! list.

Great day in the neighborhood!!


7 posted on 08/29/2008 2:34:28 PM PDT by CedarDave (AZ and)
[ Post Reply | Private Reply | To 1 | View Replies]

To: CedarDave

Bill might enjoy a good probing.


8 posted on 08/29/2008 2:34:52 PM PDT by pallis
[ Post Reply | Private Reply | To 1 | View Replies]

To: CedarDave

It is a bad day for King Bill, his GRIP program is under investigation, he did not get the VP nod but another sitting Governor did Governor Sarah Palin. With that nomination any Cabinet position just went out the window.


9 posted on 08/29/2008 2:47:17 PM PDT by Rogle
[ Post Reply | Private Reply | To 1 | View Replies]

To: CedarDave

See post 6...Beautiful day in the neighborhood!


10 posted on 08/29/2008 3:08:02 PM PDT by greyfoxx39 (GO MCCAIN-PALIN! PRO-LIFE ALL THE WAY!)
[ Post Reply | Private Reply | To 7 | View Replies]

To: Rogle; CedarDave
Doesn't "Si Se Puede!" mean YES, WE CAN!.....?

WHAT a concidence!

11 posted on 08/29/2008 3:12:28 PM PDT by greyfoxx39 (GO MCCAIN-PALIN! PRO-LIFE ALL THE WAY!)
[ Post Reply | Private Reply | To 9 | View Replies]

To: greyfoxx39
Doesn't "Si Se Puede!" mean YES, WE CAN!.....?

WHAT a concidence!

Almost prophetic! ;^)

12 posted on 08/29/2008 6:06:26 PM PDT by DesertDreamer ("I don't believe in a government that protects us from ourselves." - Ronald Reagan)
[ Post Reply | Private Reply | To 11 | View Replies]

To: greyfoxx39; CedarDave
Cool!.

Greasy King Bill (and his evil-cartman beard) will probably skate... An underling taking the fall, if it even goes that far.
But I'm glad to see that someone is looking at at least one of his dirty deals.

13 posted on 08/29/2008 7:45:19 PM PDT by LegendHasIt (Noone/Nohow '08)
[ Post Reply | Private Reply | To 6 | View Replies]

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson