The NMFA controversy is now officially a criminal matter.
On Wednesday morning (Aug. 8th) officers with the state Securities Division arrested the chief operating officer, John T. Duff, of the New Mexico Finance Authority and a former controller at the authority, Greg Campbell, accusing them of submitting a forged audit, misrepresenting financial statements and trying to cover up $40 million in losses.
Source: Capitol Report New Mexico. Read full article. (link)