A state grand jury has indicted former New Mexico Finance Authority controller Greg Campbell on 12 felony counts of forgery and securities fraud for his role in a falsified audit scandal while declining to indict the agency’s chief operating officer, John Duff.
Meeting late into the night Thursday, the grand jury did not indict Campbell on a pair of potentially more serious charges — racketeering and conspiracy to commit racketeering. It declined to indict Duff on any of the charges he faced in connection to the falsified financial statement.
Duff, who was placed on unpaid administrative leave by the agency’s board last month after his arrest, described the charges against him as a “rush to judgment.”
“This thing, I think, was a very badly flawed prosecutorial effort based on misunderstandings and half-understandings,” Duff told the Journal on Friday.
Campbell could not immediately be reached for comment.
Campbell, who had resigned from the finance authority in June, and Duff were arrested in Santa Fe on Aug. 8 with state securities investigators accusing them of “cooking the books” by misleading bond investors about the agency’s financial health.
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