KANSAS CITY, Mo. (AP) – The owner of the Kansas City Chiefs is being accused in a lawsuit of improperly receiving hundreds of millions in state investment money through a kickback deal with New Mexico officials.
The Kansas City Star reports Sunday the New Mexico State Investment Council filed the lawsuit recently against Clark Hunt and HFV Asset Management.
Hunt didn’t comment to the newspaper on the lawsuit Sunday morning.
The lawsuit says Hunt made a deal 12 years ago with two men with political connections who promised to steer New Mexico investment money to a hedge fund in exchange for payments. Hunt was a partner in the hedge fund.
New Mexico awarded $300 million to the hedge fund and paid millions in management fees.