ALBUQUERQUE (KRQE) – Former New Mexico Gov. Toney Anaya has been charged with fraud along with three others he used to work with.
The charges are connected to the company Natural Blue Resources, where Anaya was a former chief executive officer.
The company’s mission was to create, acquire or invest in environmentally friendly companies and sell water recovered from aquifers in New Mexico.
The Securities and Exchange Commission alleges Anaya and the others concealed from investors that two lawbreakers actually ran the company.
One man went to prison, the other was charged and barred from acting as an officer of director of a public company.
On top of that, the SEC says management decisions by those two “resulted in no revenues or viable business operations” for Natural Blue.
The SEC says Anaya has been cooperative and agreed to settle the case.
That agreement has not yet outlined financial penalties.
Anaya was governor from 1983 to 1987.
His name is on a state office building in Santa Fe that currently houses the Regulation and Licensing Department.
“I think it gives politicians a bad rap, and it should,” said former state senator Mark Boitano, R-Albuquerque.
During his time as a lawmaker, Boitano backed a bill to prevent current or living former elected officials from having their names added onto public buildings.
Former state senator Manny Aragon’s name was removed from a number of buildings after he was convicted of taking money meant for the Metro Court project.
After Boitano’s bill failed to pass in 2011, freshman state senator Mark Moores, R-Albuquerque, brought up the idea in 2013. His version didn’t make it out of committee.
Boitano hopes the mounting examples will change lawmaker opinion on the issue.
Anaya told KRQE News 13 Wednesday that he couldn’t comment on the issue until after the case is over.
Anaya was Natural Blue’s CEO from 2009 through 2011.