SANTA FE, N.M. (AP) — The former controller of a New Mexico financing agency couldn’t fully explain his actions even as he stood in front of a judge Thursday to plead guilty to forgery and securities fraud for faking a financial audit that went to bond investors earlier this year.

Greg Campbell, who was in charge of the accounting operations of the New Mexico Finance Authority for five years before leaving in June, offered a murky explanation for why he falsified the agency’s financial statements to make it appear they had been audited. However, he made clear he didn’t pocket any money by faking the financial documents.