Former CFO of New Mexico Spaceport Authority Files a Whistleblower Lawsuit
The former chief financial officer for the New Mexico Spaceport Authority filed a whistleblower lawsuit alleging that he was forced to resign after raising concerns about financial malfeasance that he said cost taxpayers millions of dollars.
Among numerous allegations, Zach DeGregorio said in the lawsuit filed Dec. 28 that top officials committed securities fraud by refinancing spaceport gross receipts tax bonds under false pretenses.
He also said secret meetings held between state officials and Spaceport America’s most notable tenant — Virgin Galactic — may have resulted in violations of the state’s anti-donation law, which restricts government donations to personal and private-sector enterprises as a precaution against graft and corruption.
