SANTA FE — The financially-troubled College of Santa Fe is being accused of fraud for how it handled a 2006 bond transaction.
The private college, which is on the verge of either closing or being taken over by New Mexico Highlands University, has defaulted on the $25 million bond debt and $2 million in associated fees.
Radian Insurance, the company that insured the debt, is alleging that the college committed fraud in its insurance application and that the financial statements provided by the college failed to disclose its true financial picture.
If you currently subscribe or have subscribed in the past to the Las Vegas Optic, then simply find your account number on your mailing label and enter it below.
Click the question mark below to see where your account ID appears on your mailing label.
If you are new to the award winning Las Vegas Optic and wish to get a subscription or simply gain access to our online content then please enter your ZIP code below and continue to setup your account.