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Fri September 21, 2012
Grand Jury Indicts Former Official Over Fake Audit
The former controller of the New Mexico Finance Authority has been indicted for securities fraud and forgery for falsifying the agency's financial audit, but a grand jury in Santa Fe declined to bring charges against another authority executive who was arrested in August by state securities regulators.
The Regulation and Licensing Department on Friday announced the indictment of Greg Campbell, who left the agency in June. As controller, he headed the authority's accounting operations.
The department said the grand jury declined to indict the authority's chief operating officer, John Duff, who has been on leave without pay since being arrested in August as on accessory to securities fraud and racketeering.
The Finance Authority provides low-cost financing for capital projects by cities, counties, schools and other New Mexico governmental organizations
Copyright 2012 The Associated Press.