N.H. GOP Senate candidate testifies in fraud hearing

New Hampshire senate candidate Kelly Ayotte (R) is testifying before a state legislative committee Monday about the failed mortgage lender Financial Resources Mortgage.

The company is accused of running a Ponzi scheme to bilk investors out of millions of dollars while Ayotte was serving as attorney general.

Michael Delaney, the current attorney general, told lawmakers last month that Ayotte's office had several opportunities to expose the fraud but didn't. Ayotte is defending her actions.

"If I were there today, I would be doing what this committee is doing," Ayotte said in her testimony. "Looking at what happened."

The hearing is being streamed live here.