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Arizona county treasurer pleads guilty to embezzling $38 million for personal use

  • Elizabeth Gutfahr, former Santa Cruz County treasurer, pleaded guilty to embezzling over $38 million and failing to pay $13 million in taxes, facing up to 35 years in prison.
  • Gutfahr admitted to using embezzled funds for personal expenses, including home renovations and vehicles, as stated in court documents.
  • Her plea agreement allows her to avoid trial and requires her to assist in repaying the stolen funds.
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