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Financial Fraud: Lengthy prison term for estate planner who betrayed clients

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Julie Kronhaus was a well-regarded estate planner with impressive training and credentials. She was a licensed attorney, a certified public accountant, and had earned a master’s degree in taxation. Unfortunately, she was also home-schooled in fraud.

Between 2009 and 2015, according to court records, Kronhaus defrauded...

New numbers from the state on revenue, reserves

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On Aug. 16, New Mexico Political Report wrote about New Mexico’s dipping reserves. In Fiscal Year 2016, the reserve fund was at $146 million, and in Fiscal Year 2017, New Mexico was $67 million in the red.

Now, the Legislative Finance Committee has released its revenue forecast for the state.

Among the report’s highlights:

Preliminary FY 2017 ending reserve balances are $329 million. Projected FY 2018 ending reserve balances are $206 million.

Preliminary recurring revenue for Fiscal Year 2017 is $5.7 billion. That’s $140.4 million higher than the December 2016 consensus estimate, thanks in large part to gross receipts tax revenues.

Forecasts for corporate income tax called...

New Mexico’s reserves among lowest in the nation

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New Mexico’s savings keeps dropping —and now the state has one of the smallest cushions of any state in the nation. Even now, those reserves are still well below pre-recession levels.

If no new money were coming in and the state government could rely only on those reserves, there would only be enough cash to run the state for 8.4 days. That’s according to The Pew Charitable Trusts and its analysis of states’ fiscal health.

In Fiscal Year 2016, the amount of money New Mexico held back and put into savings—to pay for unexpected expenses or shore up the budget when revenues dip—was at its lowest level since 2000, according to Pew. That year, the fund was at $146 million...

Pres. Begaye welcomes Vietnam Veterans for moving wall ceremony

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TWIN ARROWS-On Friday, Aug. 11, during the opening ceremony for the Moving Wall at the Twin Arrows Navajo Casino and Resort, President Russell Begaye welcomed home all Vietnam Veterans, reinforcing that they deserved an honorable homecoming for their service.

“Welcome home Vietnam Veterans. You were not welcomed home like you should have been,” President Begaye said. “We are thankful and grateful to each and every Vietnam Veteran that is here today and to those of the over 58,000 names on the wall.”

The Moving Wall is a half-sized replica of the Vietnam Veterans Memorial Wall in Washington D.C. that travels across the country giving people the opportunity to see it in...

Shiprock man sentenced to prison for involuntary manslaughter charge

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ALBUQUERQUE – Travis Arthur Mustache, 35, an enrolled member of the Navajo Nation who resides in Shiprock, N.M., was sentenced Aug. 14, in Albuquerque, to 37 months in prison for his conviction on federal involuntary manslaughter and assault charges. He will be on supervised release for three years after completing his prison sentence.

Mustache was arrested in March 2017, on an indictment charging him with involuntary manslaughter and assault resulting in serious bodily injury. According to the indictment, Mustache killed one victim and seriously injured another while driving his vehicle under the influence of alcohol on the Navajo Indian Reservation in San Juan County, N.M., on June...

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