Former treasurer of New Mexico Abbey indicted for $2 million fraud and tax evasion

Date: Jan. 23, 2026

Contact: newsroom@ci.irs.gov

ALBUQUERQUE – An Albuquerque man has been indicted for allegedly stealing more than $2 million in funds from the Norbertine Community of New Mexico and Santa María de la Vid Abbey and filing a false federal tax return.

According to court records, from May 2022 to March 2023, James Joseph Owens, a former member of the Norbertine Community of New Mexico (NCNM) and the treasurer for NCNM and Santa María de la Vid Abbey, allegedly abused his position of trust by transferring more than $2 million in abbey funds to accounts he controlled, including accounts associated with a nonprofit law practice he established, and used the funds for personal benefit, including deposits into investment accounts and the purchase of a residence in Placitas, New Mexico.

Prosecutors further allege Owens conducted domestic and international wire transfers, brokerage and cryptocurrency transactions, and other monetary transactions to conceal the origin of the funds and increase his profits from his crimes. Owens also allegedly failed to report the income derived from these transactions on his 2022 federal tax return and filed a false amended return that substantially understated his taxable income, thereby concealing the misappropriation from the Internal Revenue Service.

Owens is federally charged with eight counts of wire fraud, 23 counts of engaging in monetary transactions in property derived from unlawful activity and one count of attempt to evade and defeat tax. If convicted, Owens faces up to 20 years in prison.

First Assistant U.S. Attorney Ryan Ellison and Acting Special Agent in Charge Jarom Gregory of IRS Criminal Investigation's Phoenix Field Office, made the announcement today.

IRS Criminal Investigation investigated this case. The U.S. Attorney’s Office for the District of New Mexico is prosecuting the case.

IRS Criminal Investigation (IRS-CI) is the law enforcement arm of the IRS, responsible for conducting financial crime investigations, including tax fraud, narcotics trafficking, money laundering, public corruption, healthcare fraud, identity theft and more. IRS-CI special agents are the only federal law enforcement agents with investigative jurisdiction over violations of the Internal Revenue Code, obtaining a 90% federal conviction rate. The agency has 19 field offices located across the U.S. and 14 attaché posts abroad.