© 2024 KRWG
News that Matters.
Play Live Radio
Next Up:
0:00
0:00
0:00 0:00
Available On Air Stations

Former New Mexico spaceport CFO alleges fraud, retaliation

Spaceport America

ALBUQUERQUE, N.M. (AP) — The former chief financial officer for the New Mexico Spaceport Authority has filed a whistleblower lawsuit, alleging that he was forced to resign after raising concerns about financial malfeasance.

Among the numerous allegations, Zach DeGregorio said top officials committed securities fraud by refinancing spaceport gross receipts tax bonds under false pretenses. He also said secret meetings were held between state officials and Spaceport America's most notable tenant — Virgin Galactic.

The civil complaint lists numerous officials, including Gov. Michelle Lujan Grisham, Economic Development Secretary Alicia Keyes and members of the spaceport authority board. The officials have not responded to questions about the allegations.