Guardianship News:

NM-Financial Institutions Division (FID)

New Mexico: New legislation gives regulators more power – but will they exercise it?

August 12, 2018 // 1 Comment

New Mexico financial regulators learned their lesson the hard way after discovering in early 2017 that millions of dollars had been embezzled from clients at the small nonprofit Desert State Life Management. The state Financial Institutions Division of the state’s Regulation and Licensing Department headed to the Roundhouse in Santa Fe this year to seek new laws to help prevent another such criminal scheme, which went undetected for years. “Unfortunately, it was a reactive response. But [- more...]

New Mexico: AG Balderas and DA Torrez – follow Nevada’s lead and investigate court racketeering in guardianship

March 22, 2017 // 0 Comments

Calling on New Mexico Law Enforcement Attorney General Hector Balderas and Bernalillo County District Attorney Raúl Torrez Follow the lead of Nevada: Impanel Grand Juries to investigate criminal activities committed by guardians and their attorneys 2. Investigate District Court Judges who have approved property  sales by their appointees at below-market value   Notes from the March 22, 2017 Albuquerque Journal Townhall meeting: Here is a copy of the brochure that was handed out at the [- more...]