Former NMFA Controller Makes First Court Appearance

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Greg Campbell, the former controller for the New Mexico Finance Authority and a central figure in the agency’s falsified audit scandal, had little to say earlier today at his first court appearance.

Campbell, who left his job with the Finance Authority in June, waived his right to be formally arraigned and declined to talk to reporters while leaving the First Judicial District Court in Santa Fe.

He faces felony charges of forgery and securities fraud and has been accused by state securities investigators of “cooking the books” at the Finance Authority by misleading bond investors about the agency’s financial health.

As currently scheduled by District Judge Stephen Pfeffer, Campbell’s trial is set to begin in February 2013. He is the only current or former Finance Authority employee facing charges in connection with the audit scandal, which has caused loans to cities to be delayed  and a $40 million bond sale to be postponed.

Check tomorrow’s Journal for more details.

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