TUCSON, Ariz. (KVOA) – Former county treasurer Elizabeth Gutfahr pleads guilty to embezzling nearly $40 million in taxpayer funds in what has been described as one of the biggest betrayals of trust in Santa Cruz County history. Ta.
The plea deal, accepted in federal court this morning, marks the near conclusion of a case that has shocked the community.
After months of investigation, it took Gutfahr just a few days to accept the plea deal.
In court, she admitted all charges, including embezzlement, money laundering and tax evasion. Over a 10-year period, Gutfahr stole more than $38 million from the county and used the funds for personal luxuries such as real estate, cars, and various other items. She funneled the stolen funds into her own businesses and used the tokens of her subordinates to manipulate the county’s financial system and circumvent security protocols.
Mr. Gutfahr’s actions shocked Santa Cruz County government and caused a wave of mistrust among county leaders.
After her arrest, longtime county officials like Supervisor Manny Lewis were voted out of office in the 2024 general election. Mr Lewis appeared in court today and expressed relief that Mr Gutfahr had pleaded guilty.
“I feel great. I know we’re doing everything we can to protect the health of our community’s finances, but I think the board is guilty of letting our residents down as a county bank.” It’s like proving.”
Gutfahr’s attorney, Joshua Hamilton, released a statement saying, “Liz Gutfahr wants to be held accountable for the harm she has caused in Santa Cruz County. She will plead guilty and face the consequences. “I know that by accepting the punishment that I will receive, I will receive it.” It’s a step in the right direction to take responsibility for her actions. ”
Former Santa Cruz County Treasurer Elizabeth Gutfahr today pleaded guilty to federal charges of embezzlement by a public official, money laundering, and tax evasion.
Gutfahr is being remanded in custody pending sentencing, scheduled for February 6, 2025.
She faces up to 35 years in prison and significant fines and restitution, but her guilty plea could affect the final sentence. There were no special arrangements made as part of her plea.
The case is expected to be a key moment in Santa Cruz County’s efforts to restore trust in government and restore accountability.
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