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AP National Business

Former New Mexico spaceport CFO alleges fraud, retaliation

KIFI
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Published 3:53 PM

By SUSAN MONTOYA BRYAN
Associated Press

ALBUQUERQUE, N.M. (AP) — The former chief financial officer for the New Mexico Spaceport Authority has filed a whistleblower lawsuit. Zach DeGregorio alleges he was forced to resign after raising concerns about financial malfeasance. DeGregorio also claims top officials committed securities fraud by refinancing spaceport gross receipts tax bonds under false pretenses. He also says in the lawsuit last week that secret meetings were held between state officials and Spaceport America’s most notable tenant, Virgin Galactic. The lawsuits lists officials including Gov. Michelle Lujan Grisham, Economic Development Secretary Alicia Keyes and members of the spaceport authority board. A spokeswoman for Lujan Grisham says her office will not comment on pending litigation.

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