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Ex-NMFA accountant pleads guilty
Updated: Friday, 20 Jul 2012, 2:29 PM MDT
Published : Friday, 20 Jul 2012, 2:29 PM MDT
SANTA FE (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.
The department said Sandoval took money from the NMFA between August and December 2009, and deposited it in a friend's bank account.
Police began investigating the crimes in January 2010 and the district attorney filed charges against Sandoval in September 2011.
Sandoval worked in the accounting operation along with the authority's former controller blamed for faking an audit.
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