Obama announced Governor Richardson's cabinet nomination on 3 December, saying: "I look forward to working with him in the years ahead."
What he failed to say was Richardson had been under investigation by a federal grand jury since August last year.
The investigation, revealed by the Albuquerque Journal, concerns the California company CDR Financial Products. The compny won $1.4m (£960,000) in work from the New Mexico state government five years ago. At the same time the company and its president, David Rubin, made contributions to Richardson's political campaign committees.
CDR and Rubin contributed at least $110,000 to the committees, according to a review of campaign finance records.
The largest donation, $75,000, was made by CDR in June 2004.
CDR's lawyer, Richard Beckler, told the Washington Post last month: "CDR has always tried to abide by these byzantine campaign finance regulations and is cooperating fully with this investigation."
Lord Patel also revealed Thursday, December 18, 2008 Thin Film Photovoltaics set for massive production growth that Signet Solar, Inc.founded in 2006 , a Menlo Park CA , company with global ambitions is building a plant in Belen ,NM, 30 minutes south of Albuquerque which will create 600 well paid jobs (Ranging from US$39,000 for production-line workers to $100,000 for managers)to commence production in 2010.
In announcing the plans Governor Richardson also forgot to mention ..but Toni Balzano, public information officer for the Economic Development Department let slip was that there are a total of about US$185 million worth of tax incentives for which the company would qualify. That includes a manufacturing tax credit, a high-wage jobs tax credit, the Job Training Incentive Program, a rural jobs tax credit and a renewable energy jobs tax credit.
Also the The 75-acre facility where the plant will be located , 6,000-acre Rancho Cielo master-planned industrial and residential community is owned by Coast Range Investments where Signet will be the first company to set up manufacturing. Rancho Cielo plans to use Signet panels on a 700-acre solar farm designed to meet the majority of the power requirements in development
This is of course not to suggest that Coast Range and their client Signet Solar were in any way benefiting etc., etc., ....but what a coincidence.
No MSM has yet picked up our scoop...