I am writing today to announce the closure of the New Mexico Independent. After three and a half years of operation in New Mexico, the board of the American Independent News Network, has decided to shift publication of its news…
Posts Tagged embezzlement
The move follows a risk examination, or review, of Bernalillo School District audit findings since 2006, according to a May 19 letter Balderas wrote to Superintendent Barbara Vigil-Lowder. Audit findings describe accounting problems and violations of the law found during state-mandated annual audits. More …
A former Lovington School District employee faces 12 counts of embezzlement for $15,000 worth of falsified checks—less than a month after confessed Jemez Mountain Schools embezzler Kathy Borrego committed suicide in Abiquiu. Lovington is just one of five New Mexico school districts Balderas has designated as “at risk” for failing to complete state-mandated audits. Other school districts fail to maintain basic internal controls to prevent fraud and theft.
Despite a court order, the Jemez Mountain School District still has not allowed the Rio Grande SUN to inspect all checks written between 1999 and 2002 by former District business manager Kathy Borrego, the SUN reports.
Jemez Mountain School District must disclose embezzlement-related financial records to the Rio Grande SUN by Saturday, District Court Judge Sheri Raphaelson has ruled, rejecting the District’s contention that disclosure would interfere with law enforcement.
Here’s a statement from Jemez Mountain School District superintendent Adan Delgado on today’s findings of a special audit that revealed that $3.3 million was embezzled over several years.
The state will take over Jemez Mountain School District’s finances after a special audit revealed that $3.3 million was embezzled from the district over several years, Public Education Secretary Veronica Garcia announced this morning.
A special audit by the State Auditor’s Office has found that $3.3 million, not the $300,000 as originally thought, was embezzled from the Jemez Mountain School District. The audit concluded that the district’s former business manager, Kathy Borrego, embezzled $3,378,701.27 from the district’s bank accounts from January 8, 2002 through June 4, 2009, according to a news release today from State Auditor Hector Balderas.