A Santa Cruz County press release states that Elizabeth Gutfahr, the former treasurer of the county, was sued by the county for allegedly embezzling at least $39,412,000 over a ten-year period.
The financial institution JPMorganChase reported 11 fraudulent transactions totaling $375,000 to the county’s knowledge. The Federal Bureau of Justice, the Department of Justice, and Santa Cruz County all launched investigations as a result of the results.
The former treasurer was the target of a civil case that Santa Cruz County filed in Pima County Superior Court.
“Though this is a significant amount of money for our community, we will do everything in our power to avoid impact to the day-to-day operations of the entities that rely on funding from the County, and we will continue to provide straightforward updates as things progress,” the county stated in the press release.
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It was also announced by the county that it will keep up its full cooperation and support for the FBI and US Department of Justice’s independent investigations.
