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Will over 50% of the embezzled $38 million be recovered by the end of 2025?
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Former Arizona Treasurer Elizabeth Gutfahr Admits to Embezzling Over $38 Million
Nov 24, 2024, 08:04 PM
Elizabeth Gutfahr, the former treasurer of Santa Cruz County, Arizona, has admitted to embezzling over $38 million in public funds. According to federal prosecutors, Gutfahr used the embezzled funds between 2014 and 2024 to purchase real estate, Cadillacs, at least 20 vehicles, and other luxury items. The funds were also used to renovate her luxurious ranch. This significant financial crime has raised concerns about the oversight and management of public funds in the county.
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