NMFA fake audit sparks reform

A fraudulent audit that landed New Mexico’s Finance Authority in hot water has set the stage for some major reforms. 

When Greg Campbell pleaded guilty after word surfaced he faked a huge financial audit, it marked the end of a tumultuous period at the NMFA. 

The NMFA acts like a giant bank for projects around the state. It also served as a starting off point for reform. 

State Sen. Tim Keller is leading the push by co-sponsoring legislation that would reform the NMFA. The legislation would make sure all board members would have staggered terms, meaning they wouldn’t all be new at the same time.

 Board members would also need experience in the financial sector and will review audits more regularly.

NMFA fake audit sparks reform