Process vs. punishment

-A A +A

Struggling to gain public trust in State Investment Council

By Sherry Robinson

Corruption has two costs — the loss itself and the clean-up.
And the latter isn’t small potatoes, as State Investment Officer Steve Moise made clear during a talk last week at UNM’s Anderson School of Business. Moise (pronounced mo-EESE) became the Marshal Dillon of state investment when his predecessor, Gary Bland, left in a tailwind of allegations.
Moise spoke frankly about the politically connected operatives and gatekeepers advising the State Investment Council, the self-interest that replaced fiduciary duty, and the arrest in New York that broke open what that state’s attorney general has called a “matrix of corruption.”
The cascading revelations took the SIC by surprise and triggered an internal review and investigations by the FBI and Securities and Exchange Commission.
“We’re cooperating fully,” he said.
The office has turned over, at great expense, 13 terabytes of data – millions of pages.
SIC staff also generated a spreadsheet detailing agents, deals, and sums paid, which is posted on the agency Web site.

If you subscribe to the newspaper, you receive FREE access to all the exclusive content of the web site! Simply register to receive uninterrupted access to our award-winning and in-depth local online content!

Renew Current or Past Subscription / Register for Online Subscription

If you currently subscribe or have subscribed in the past to the Los Alamos Monitor, then simply find your account number on your mailing label and enter it below.

Click the question mark below to see where your account ID appears on your mailing label.

Newspaper Acct. ID:
Street Address:
(exactly as it appears on the label)

If you are a subscriber and you do not know your account ID or don't have a copy of your newspaper available that shows the information on the address label you can click continue below to search for your account.

New Subscription/30 Day Free Trial Account

If you are new to the award winning Los Alamos Monitor and wish to get a subscription or simply gain access to our online content then please enter your ZIP code below and continue to setup your account.

ZIP Code:

Create a limited access account.
Register to participate in community forums, post on the community calendar, blog etc. This registration does not give you full access to read our award winning content, etc.

The Los Alamos Monitor | lacirculation@lamonitor.com | 505-662-4185
256 DP Road, Los Alamos, NM 87544
Office Hours are 8:00 a.m. to 5:00 p.m., Monday through Friday