Ex-UNM athletic director Paul Krebs faces felony charges, up to 15 years in prison
February 06, 2019 05:07 PM
ALBUQUERQUE, N.M.- New Mexico Attorney General Hector Balderas has filed charges against former UNM athletic director Paul Krebs.
Krebs is accused of fraud, money laundering, evidence tampering, criminal solicitation and making or permitting false public voucher.
Court documents released Wednesday state that the investigation conducted by the Attorney General's Office found that Krebs "used his position as the Vice-President of Athletics for the University of New Mexico to pursue his private interest by planning and participating in a trip to Scotland that was paid for by the University of New Mexico using public money."
Krebs retired amid allegations of money mismanagement after the trip to Scotland.
In October 2018, the Attorney General’s Office seized former UNM athletic director Paul Krebs’ banking information, searching for evidence of possible fraud, embezzlement and money laundering.
An internal audit of UNM’s Athletic Department pointed to the misuse of public money under Krebs.
The criminal complaint cites an email Krebs wrote in May 2017 explaining that he was "not forthcoming with the press re Scotland," and "misled them, and our donors on our actual expenses." In that email, Krebs went on to say "I thought no one would find out. Wrong move."
The Attorney General's Office did not issue an arrest warrant. Conditions of release will be set by a district court judge.
“This case is about protecting public funds for higher education institutions and we look forward to transparently bringing this case forward," said Attorney General Hector Balderas. "This is an important matter for the entire state of New Mexico.”
Kebs could face up to 15 years if convicted on all the charges.
UNM released a statement Wednesday afternoon. It reads:
The University of New Mexico is aware of the criminal complaint by the Attorney General’s office against the former Athletics Director. It does not suggest any wrongdoing by UNM. However, we will continue to cooperate fully with the AG’s office as we have in the past. Since this is an ongoing investigation, it is not appropriate for us comment any further.
Updated: February 06, 2019 05:07 PM
Created: February 05, 2019 04:58 PM
Copyright 2019 KOB-TV LLC, a Hubbard Broadcasting Company. All rights reserved