As a result, Fletcher Allen CEO William Boettcher, who was accused of ordering the end-run around state regulators and had been an outspoken critic of the coalition of mental health advocates, was placed on administrative leave, and the hospital’s board began an extensive investigation. Soon after, the state attorney general, state auditor, and the U.S. attorney’s office, as well as the Securities and Exchange Commission, announced they were investigating Fletcher Allen’s financial practices. In addition, the bonds used to finance the entire project were placed on credit watch by more than one Wall Street bond-rating firm.