A civil lawsuit against former Gov. Bill Richardson and others in the decade-old, pay-to-play scandal at the State Investment Council was recently unsealed.
The lawsuit, which rehashes many of the same allegations leveled in previous court actions or revealed in news stories, was filed in May on behalf of Frank Foy, the former head of investments at the Educational Retirement Board, by his longtime attorney Victor Marshall.
At the center of the filing is an attempt to discredit the settlements of many lawsuits filed by the State Investment Council against firms that received billions in state money by paying a finders fee to Marc Correra, the son of a close Richardson associate and political fundraiser.
Richardson has denied knowing about the pay-to-play scheme and federal investigations didn’t return criminal charges against anyone.
Marshall filed similar Fraud Against Taxpayers Act lawsuits on Foy’s behalf with little success.
The latest lawsuit was picked up by the foreign press. That could be because Richardson’s name has been linked to the scandal surrounding the late New York investment adviser Jeffrey Epstein, who is alleged to have trafficked in underage girls for sex for many years. Richardson has denied involvement in the Epstein scandal.