Man at the center of the NMFA controversy: “I put those papers together with no malicious intent”
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He’s been called a rogue employee who’s supposedly responsible for turning in a fraudulent audit that plunged the New Mexico Finance Authority into a dire fiscal crisis and possibly leading to a downgrade of state bonds that could cost millions.
But Greg Campbell, a former controller at the NMFA says, “I put those papers together with no malicious intent” although he does admit that being the target of the accusations “probably is fair because it was under my supervision to get the audit done and completed.”
KOB-TV interviewed Campbell, who said he just returned to Albuquerque from a 3-week vacation with his family. Here’s the video from KOB’s 6 p.m. newscast on Friday (July 21):
But there are plenty of unanswered questions as the NMFA, its board, the State Auditor’s Office and the state securities division start finding out what actually happened, how much the numbers are off in the audit and whether ratings agencies like Standard & Poor’s and Moody’s downgrade New Mexico’s Aaa rating, which could cost the state millions in higher interest costs on bonds the authority issues to state agencies and entities.
After a couple emergency meetings last week, the NMFA is trying to rework its contract to establish an independent, third-party investigation. The board meets agains on Thursday (July 26) to discuss the mess. Maybe Campbell will be called to tell board members what he knows. We’ll see.