NMFA audit results to be made public soon

In little less than a month, New Mexico taxpayers as well as financial experts will get their first look at what happened at the New Mexico Finance Authority when a fraudulent audit plunged the agency into one of the biggest financial controversies in state history. 

State Auditor Hector Balderas told members of the NMFA Board on Monday that his office will release to board members and the public at large preliminary findings from independent audits into the controversy that has led to criminal charges, threats of lawsuits and jeopardized the state’s bond rating. 

Balderas didn’t give an exact date for the release of the preliminary findings but when the announcement comes, it will mark the first time since the scandal broke in July that results from independent sources can begin to determine the extent of the problem.

NMFA audit results to be made public soon