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Dec. 15 (Bloomberg) -- 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. ...
it's amazing how much the "new politics" looks nothing like all of the old clinton scandals, isn't it?
Except this time FBI have more wiretaps. 0bama's going to spend all his time making sure his appointees stories' are straight.
Apparently, federal investigators have discovered a booming market in municipal-bond corruption. The empanelment of a grand jury in New Mexico means that the investigation has reached the stage where criminal charges could get produced. They may not have a difficult time in finding connections, either. CDR’s president donated tens of thousands of dollars to a Richardson PAC as well as to Si Se Puede Boston 2004, which helped fund the Democratic convention while Richardson chaired the committee that ran it. The payment to Moving America Forward came in 2003, before their selection as a consultant to the state, while their donation to Si Se Puede Boston 2004 apparently came shortly afterward.