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Exec linked to Bill RIchardson gave to Barack Obama

January 6, 2009

WASHINGTON — A prominent businessman caught up in a grand jury probe whose political donations ended any role for New Mexico Gov. Bill Richardson in the Obama administration also was a generous contributor in support of the president-elect.

David Rubin gave $26,200 to the Democratic Party on Sept. 19 and $2,300 to Barack Obama’s campaign on Sept. 30, according to records filed with the Federal Election Commission. Last February, Rubin gave another $1,000 to Obama’s campaign.

Rubin donated $100,000 in 2003-2004 to political committees of Richardson. The contributions came both before and after Rubin’s company won a state contract in New Mexico to help finance $1.4 billion for highway and transportation projects, a contract that brought $1.5 million in business for the company, CDR Financial Products.

In a statement, the company says the grand jury investigation concerns whether Rubin’s contributions might have been made in order to obtain favored status for the company, CDR, in seeking work as a financial adviser to the state.

Rubin has given over $200,000 in federal election campaigns since 1995, almost all of it to Democrats, according to the Center for Responsive Politics, a non-profit group that tracks political donations.

“CDR has never practiced pay-for-play, on any playing field where we do business,” the company’s statement said.

Obama’s transition office did not immediately respond to requests for comment.

Copyright 2009 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.