Investigations

What'd Richardson Do Wrong?

So what did Bill Richardson allegedly do wrong? According to the Albuquerque Journal, the “pay-for-play” investigation that derailed Richardson’s nomination to the Commerce Department involves a single financial firm, CDR Financial Products, which received transportation contracts, possibly in return for donations to the Democratic Governor's Association (DGA). The Journal also reports that other three other corporate players—JP Morgan Securities, RBC Dain Rauscher, and UBS—made money on transportation contracts and donated to the DGA while Richardson was on its board.