NM Finance Authority’s ex-accountant pleads guilty

Published July 21, 2012 12:27am ET



SANTA FE, N.M. (AP) — A former accountant for the New Mexico Finance Authority has pleaded guilty to fraud and tax evasion for stealing $59,000 from the agency that’s embroiled in a scandal over a fake financial audit.

The Taxation and Revenue Department announced Friday that Valerie Sandoval of Bernalillo pleaded guilty to the charges and was sentenced earlier this week to five years of probation. Sandoval also must pay $59,000 in restitution and $3,500 in taxes.

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