The Securities and Exchange Commission announced fraud charges against four individuals—including former New Mexico Governor Toney Anaya—for concealing from investors the fact that two lawbreakers ran the investment firm Natural Blue Resources Inc., the SEC announced Wednesday.
The SEC said that investors were not aware that James Cohen and Joseph Corazzi secretly controlled the operational and management decisions of Natural Blue, an investment firm that focuses on environmentally-friendly companies, though they referred to themselves as outside “consultants.” As a result, the two men personally profited from Natural Blue while keeping their legal pasts a secret.
