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News Link • Corruption

New Mexico finance officials arrested for faked audit

• Reuters

The New Mexico Finance Authority, which issues debt to help local government with public works, suspended two executives on Thursday following the arrest of the agency's chief operating officer and a former controller, an official said.

Chief Operating Officer John T. Duff and former Controller Greg Campbell were arrested on Wednesday by State Securities Division officers and charged with submitting a fake audit, misrepresenting financial statements, and covering up $40 million in losses to the state, State Auditor Hector Balderas said.

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