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Names in the News: David Rubin/CDR Financial Products

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Publication Date: January 2009

Publisher(s): National Institute on Money in State Politics (U.S.)

Author(s): Denise Roth Barber

Topic: Politics (Campaigns, lobbying, and pressure groups)

Keywords: CDR Financial; David Rubin; Gov. Bill Richardson

Type: Report

Coverage: United States


David Rubin's sudden emergence as a household name was prompted by New Mexico Gov. Bill Richardson's withdrawal for consideration to serve as Secretary of Commerce under President-elect Obama. Richardson is the subject of a federal "pay-to-play" investigation involving contributions by Rubin, who is president of CDR Financial Products. CDR was awarded two contracts in 2004 in the state of New Mexico worth about $1.4 million. Rubin's donations have spanned the U.S. Since 2000, he has given a total of $146,700 to Democratic state level candidates and party committees in seven states.