State Finance Officials Busted in New Mexico

A government agency fakes an audit and conceals losses? Who would've guessed?

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.