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About $5.9 Million recovered in $38 Million theft from Santa Cruz Co.

Tucson, Ariz. (KGUN) – A former Santa Cruz County treasurer who pleaded guilty to stealing more than $38 million in public funds is set for sentence next month.

In the meantime, the county is working to collect as much money as possible.

When she was the Santa Cruz County treasurer, Elizabeth Gutfar took about a decade to quietly move millions of public money into her private accounts. She spends money to buy lots of stuff, so it takes a while to get it back into cash.

Elizabeth Guffer has come out of federal court after pleading guilty to stealing $38 million in public funds. She will be at the verdict next month. She was allowed to remain freely on bonds to track everything she bought so that Santa Cruz County could sell them and at least try to get back some of the money back.

Her ranch at Tumacacori sold for $1.4 million in March, but after paying off the mortgage and agent fees, the county cleared out about $615,000.

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Here’s just part of what Santa Cruz County is selling to try to recover all that money.

Court documents say selling off properties in Arizona in Mexico recovered almost $3 Million.

Selling off almost 400 head of cattle recovered about $657,000.

Santa Cruz County got almost $29,000 for her horses.

She had a large fleet of vehicles, including some luxury cars. Selling them off brought in about $584,000.

Personal property like high fashion clothing, jewelry and furniture has brought in about $33,000.

The Court appointed receiver gets to charge for his work. That’s costing Santa Cruz County about $777,000 so far.

So after various fees, Santa Cruz County is getting back a little over $5.9 Million of $38 Million.

The County’s not done trying to collect but the receiver estimates the most he’ll be able to collect is between $9.7 Million and $12.7 Million dollars towards more than $38 Million stolen.

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Craig Smith is a reporter for KGUN 9. With more than 40 years of reporting in cities like Tampa, Houston and Austin, Craig has covered more than 40 Space Shuttle launches and covered historic hurricanes like Katrina, Ivan, Andrew and Hugo. Share your story ideas and important issues with Craig by emailing craig.smith@kgun9.com or by connecting on Facebook and Twitter.

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