In Foundations

Micronews on philanthropy.

Richardson’s Charity Donors Subpoenaed

Article here.

Attorneys for Frank Foy, former investment officer for the New Mexico’s Educational Retirement Board, subpoenaed Gov. Bill Richardson’s Moving America Forward Foundation. In a whistle-blower lawsuit made public Jan. 14, Foy says the state lost $90m due to worthless investments pushed byVanderbilt Financial. Vanderbilt execs had contributed to Richardson’s presidential campaign. The subpoena seeks to find out whether they also donated to the charity.



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