Frank Foy may seem an unlikely actor on the national pay-to-play stage. But the bald and bespectacled former CIO of the $8.5 billionrnNew Mexico Educational Retirement Board - whose father was the youngest member of the vaudeville family immortalized in the 1955 movie The Seven Little Foys -has risen from obscurity by filing two "whistle blower" lawsuits, both alleging that allies of New Mexico Governor Bill Richardson had pressured the ERB into making investment decisions "tainted by political considerations and contributions." When Foyrnfailed to go along with the plan, the lawsuits claim, it cost him his job.rnFoy isn't looking to get his job back. Instead, he says he is trying to help New Mexico reclaim the $90 million it lost from the money managers and bankers that sold it the bad investments - plus damages that would bring the total to more than $300 million.
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