• Home
  • News
  • Fortune 500
  • Tech
  • Finance
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia
PoliticsCrime

Arizona county treasurer admits to embezzling over $38 million in public funds to renovate luxurious ranch, buy 20 vehicles

By
The Associated Press
The Associated Press
Down Arrow Button Icon
By
The Associated Press
The Associated Press
Down Arrow Button Icon
November 22, 2024, 4:27 PM ET
Beautiful cowgirl horseback riding in a Utah field, with defocused Wasatch mountains as the background.
Elizabeth Gutfahr (not pictured) was Santa Cruz County treasurer from 2012 through 2024. She pleaded guilty Thursday to one felony count each of embezzlement by a public official, money laundering, and tax evasion for failing to pay up to $13 million in taxes. Getty Images

An elected official for an Arizona county has pleaded guilty to embezzling more than $38 million in public funds that she used to renovate her luxurious Southwestern ranch home, maintain the family cattle business and buy at least 20 vehicles, including an Airstream camper van.

Recommended Video

Elizabeth Gutfahr, who was Santa Cruz County treasurer from 2012 through 2024, pleaded guilty Thursday to one felony count each of embezzlement by a public official, money laundering, and tax evasion for failing to pay up to $13 million in taxes. The plea agreement allowed her to avoid trial.

“Liz Gutfahr wants to take responsibility for the harm she has caused to Santa Cruz County,” her attorney Joshua Hamilton said in a statement. “She knows that by pleading guilty, and accepting the punishment she will face as a result, she is taking a step in the right direction to be accountable for her actions.”

Gutfahr, 62, could be sentenced to up to a total of 35 years when she is sentenced on Feb. 6 at the federal court in Tucson. She also must pay restitution to Santa Cruz County, which is on the border with Mexico.

The Arizona U.S. attorney’s office said Gutfahr transferred public funds to fraudulent business accounts. She then used wire transfers to send the money to her personal bank accounts.

Gutfahr falsified accounting and other records to try to cover her tracks, according to court records.

She remains free pending sentencing and is prohibited from leaving the state without the court’s permission.

Fortune Brainstorm AI returns to San Francisco Dec. 8–9 to convene the smartest people we know—technologists, entrepreneurs, Fortune Global 500 executives, investors, policymakers, and the brilliant minds in between—to explore and interrogate the most pressing questions about AI at another pivotal moment. Register here.
About the Author
By The Associated Press
See full bioRight Arrow Button Icon

Latest in Politics

Jared Kushner is seen at the Royal Court after US President Donald Trump received the Order of Abdulaziz al-Saud medal in Riyadh on May 20, 2017.
InvestingWarner Bros. Discovery
Jared Kushner suddenly emerges in the Warner brawl between Paramount and Netflix, backed by Saudi billions and fresh off brokering another megadeal
By Eva Roytburg and Nick LichtenbergDecember 8, 2025
3 hours ago
Trump
EconomyTariffs and trade
Trump plans $12 billion bailout for farmers who saw livelihoods vanish along with China’s missing soybean imports
By Seung Min Kim, Josh Funk, Didi Tang and The Associated PressDecember 8, 2025
3 hours ago
NEW YORK, NEW YORK - NOVEMBER 11: New York Mayor-Elect Zohran Mamdani gives brief remarks during a Veteran's Day event at Volunteers of America - Commonwealth Veterans' Residence on November 11, 2025 in the Soundview neighborhood of the Bronx borough in New York City. Mamdani observed Veteran's day by serving meals, speaking with and listening to the concerns of veterans and speaking about the work his upcoming administration will be doing to help.
PoliticsImmigration
‘ICE is legally allowed to lie to you’: NYC Mayor-elect Zohran Mamdani releases video urging resistance to immigration raids
By The Associated PressDecember 8, 2025
5 hours ago
Kevin Kiley
PoliticsElections
‘It absolutely matters politically’: Swing-district Republicans alarmed at spiking health insurance premiums tipping midterms
By Marc Levy, Kevin Freking and The Associated PressDecember 8, 2025
6 hours ago
Hinojosa
PoliticsElections
‘Everybody wants the economy of tomorrow, but paying the bills today is absolutely critical’: Democratic governors huddle on affordability
By Jonathan J. Cooper and The Associated PressDecember 8, 2025
7 hours ago
Higgins
PoliticsElections
‘La Gringa’ Eileen Higgins hopes to become the first Democrat ( and non-Hispanic) mayor for Miami in nearly 30 years
By Adriana Gomez Licon and The Associated PressDecember 8, 2025
7 hours ago

Most Popular

placeholder alt text
Real Estate
The 'Great Housing Reset' is coming: Income growth will outpace home-price growth in 2026, Redfin forecasts
By Nino PaoliDecember 6, 2025
2 days ago
placeholder alt text
Politics
Supreme Court to reconsider a 90-year-old unanimous ruling that limits presidential power on removing heads of independent agencies
By Mark Sherman and The Associated PressDecember 7, 2025
1 day ago
placeholder alt text
AI
Nvidia CEO says data centers take about 3 years to construct in the U.S., while in China 'they can build a hospital in a weekend'
By Nino PaoliDecember 6, 2025
2 days ago
placeholder alt text
Economy
The most likely solution to the U.S. debt crisis is severe austerity triggered by a fiscal calamity, former White House economic adviser says
By Jason MaDecember 6, 2025
2 days ago
placeholder alt text
Uncategorized
Transforming customer support through intelligent AI operations
By Lauren ChomiukNovember 26, 2025
12 days ago
placeholder alt text
Economy
JPMorgan CEO Jamie Dimon says Europe has a 'real problem’
By Katherine Chiglinsky and BloombergDecember 6, 2025
2 days ago
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • Future 50
  • World’s Most Admired Companies
  • See All Rankings
Sections
  • Finance
  • Leadership
  • Success
  • Tech
  • Asia
  • Europe
  • Environment
  • Fortune Crypto
  • Health
  • Retail
  • Lifestyle
  • Politics
  • Newsletters
  • Magazine
  • Features
  • Commentary
  • Mpw
  • CEO Initiative
  • Conferences
  • Personal Finance
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
About Us
  • About Us
  • Editorial Calendar
  • Press Center
  • Work At Fortune
  • Diversity And Inclusion
  • Terms And Conditions
  • Site Map

© 2025 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.