NM Officials Arrested For Luring Investors With Fake Audit

Law360, New York (August 9, 2012, 10:33 PM EDT) -- One current and one former official from New Mexico's state finance authority were arrested Wednesday for allegedly faking a 2011 audit report to make the department's balance sheet more attractive to project bond investors.

Former New Mexico Finance Authority controller Gregory M. Campbell was charged with multiple counts of forgery and securities fraud, as well as racketeering and conspiracy, according to affidavits for arrest warrants filed Wednesday in Santa Fe County District Court. The authority's current COO, John Duff, was charged as an accessory to most...
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