Chief operating officer departs NMFA

John Duff

Chief Operating Officer John Duff, a central figure in the New Mexico Finance Authority’s falsified audit scandal, is no longer employed by the lending agency. 

Interim NMFA Chief Executive John Gasparich confirmed Tuesday that Duff’s departure from the finance authority was effective Sept. 28. He declined to say whether Duff, who had been on unpaid leave, resigned or was fired and did not disclose any terms related to his departure. 

Meanwhile, the Finance Authority received good news with the recent decision of Standard & Poor’s, a national credit rating agency, to affirm the agency’s AAA bond rating, the highest possible rating. Standard & Poor’s also removed the New Mexico agency from its “credit watch” list. 

Chief operating officer departs NMFA