NMT responds to allegations

New Mexico Tech released the following statement in response to an article concerning its former president, Stephen Wells, filing a whistleblower lawsuit in which he alleges the university’s mismanagement of funds caused the loss of millions of dollars in interest:

“The Board of Regents of New Mexico Tech has referred the Complaint from former NMT President, Dr. Stephen Wells, to the law firm of Atwood, Malone, Turner & Sabin, P.A., which will vigorously defend against the allegations.

New Mexico Tech is a preeminent university, providing unique opportunities to develop and retain talent in New Mexico. The Board of Regents takes its stewardship of this institution seriously, making decisions thoughtfully to further the university’s mission.

Under new leadership, New Mexico Tech is advancing its mission with renewed focus, innovative ideas, and sound financial stewardship. The university remains committed to lifelong learning, continual improvement, and expanding its positive impact on New Mexico through scholarship and community engagement.”