Greg Campbell, the former controller of the embattled New Mexico Finance Authority, and John Duff, its current chief operating officer, were arrested, each on several counts of fraud and racketeering.
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Here's the lowdown, in a presser from the NM Regulation & Licensing Dept. (The photo accompanying this post is of Daniel Tanaka, the RLD's Securities Division director.)
Last week, the RLD's Securities Division obtained a warrant to search NMFA offices; read the search warrant affidavit along with the criminal complaint (be warned: it's long) below.
Daniel S Tanaka, the Securities Division director, says in the press release that the investigation is ongoing. According to a criminal complaint filed in First Judicial District Court, Campbell admitted to forging NMFA's 2011 audit report. The complaint goes on to allege that Campbell--with Duff's permission--"misrepresented approximately $40 million in the financial statements for NMFA for 2010 and 2011," according to the press release.
More from the press release:
Affidavit for the warrant and criminal complaint:
Santa Fe Reporter