Elizabeth Gutfahr, the former Santa Cruz County treasurer, embezzled over $38 million of public funds, using it to renovate her home and sustain her family's cattle business.
Gutfahr's attorney stated, "Liz Gutfahr wants to take responsibility for the harm she has caused to Santa Cruz County," highlighting her acknowledgment of guilt and acceptance of consequences.
She could face up to 35 years in prison and must pay restitution, following her guilty plea for embezzlement, money laundering, and tax evasion.
Court records reveal Gutfahr engaged in actions such as transferring public funds to fraudulent accounts and falsifying records to conceal her illicit activities.
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