SANTA CRUZ COUNTY, Ariz. (KGUN) — A former Santa Cruz County treasurer now faces criminal charges for allegedly stealing more than $38 million in county money.

santa cruz county sued Elizabeth Gutfahr in civil court. Although she attempted to recover the missing money in early fall, most of a year passed without criminal charges being filed against her.

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Now, Arizona federal prosecutors have filed criminal charges against her in federal court. They allege Gutfahr stole more than $38 million in Santa Cruz County funds over a 10-year period by transferring them to private bank accounts. In one year alone, she transferred more than $11 million from the county’s account to her own account, according to court documents.

Gutfahr is cooperating with civil court efforts to recover the missing money, but reported that a court-appointed receiver is working to sell the property and assets. You may only be able to recover a third of your losses..

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