On August 5, 2022, FTLF Senior Counsel Phillip A. Escoriaza was quoted in The Bond Buyer regarding the impact on Puerto Rico’s politics of former governor Wanda Vázquez’s indictment on conspiracy, federal program bribery, and honest services wire fraud charges. Governor Vazquez ran an unsuccessful primary campaign for the island’s New Progressive Party’s (“NPP”) nomination for Governor in the 2020 elections.

In the article, Mr. Escoriaza notes, “The left-leaning Citizens Victory Movement could pick up some supporters, as would some other minor parties.” However, Mr. Escoriaza anticipates little impact to the NPP’s base of support because its members support statehood while other political parties do not advocate for this political status for Puerto Rico and therefore are not a natural option for NPP sympathizers.

The Bond Buyer is a national trade publication covering the municipal bond industry.

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